The Federal Board of Revenue (FBR) has stirred controversy by revealing the identity of over half a million citizens who have not filed their income tax returns, according to Income Tax General Order No. 1 issued on April 30, 2024.
(more…)Tag: FBR
FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
-
FBR Portal Denies Input Tax Adjustment for Registered Taxpayers
In a recent development that has caused widespread disruption among the business community, the Federal Board of Revenue (FBR) portal is currently denying input tax adjustments to registered sales tax persons, in the wake of the implementation of SRO 350.
(more…) -
MTO Karachi Achieves 80% Growth in April Tax Collections
Karachi – The Medium Tax Office (MTO) in Karachi has reported an extraordinary 80% year-on-year increase in tax collections for April 2024, according to the latest provisional figures released this Tuesday.
(more…) -
FBR Blocks Mobile Phone SIMs of Half a Million Non-Filers
Islamabad, April 30, 2024 – The Federal Board of Revenue (FBR) has taken stringent action against non-filers by blocking the mobile phone SIMs of half a million individuals.
(more…) -
Deadline Approaches for Registration under Tajir Dost Scheme
Karachi, April 30, 2024 – Today marks the final call for shopkeepers and small traders across Pakistan to register under the newly launched Tajir Dost Scheme. The Federal Board of Revenue (FBR) introduced this initiative at the start of April 2024, providing a one-month window, which concludes today, for mandatory registration.
(more…) -
FBR Lists 4.07 Million Active Taxpayers, Reflecting Compliance
Islamabad, April 29, 2024 – In a significant development on Monday, the Federal Board of Revenue (FBR) published the names of 4.07 million citizens who have successfully filed their income tax returns, thereby securing their positions on the Active Taxpayers List (ATL) for the tax year 2023.
(more…) -
Pakistan Mulls Mandatory Tax Returns for Agricultural Income
In a move poised to overhaul the taxation system for agricultural income, Pakistan is strongly considering making it mandatory for earners of agricultural income to file their annual tax returns along with wealth statements.
(more…) -
Ashhad Jawwad Appointed as Member Customs Operations
Islamabad, April 27, 2024 – In a significant move within the Federal Board of Revenue (FBR), Ashhad Jawwad, a seasoned BS-21 officer of the Pakistan Customs Service (PCS), has been appointed as the new Member for Customs Operations.
(more…) -
FBR Inducts BS-20 Officer as Member IR Policy in Major Reshuffle
Islamabad, April 28, 2024 – In a significant reshuffling that has raised eyebrows across financial and governmental sectors, the Federal Board of Revenue (FBR) has appointed a relatively inexperienced BS-20 officer, Ms. Amna Faiz, as the new Member of Inland Revenue (IR) Policy.
(more…) -
FTO Orders FBR to Withdraw Petitions After Presidential Directives
In a notable move, the Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to withdraw all writ petitions filed in high courts that contradict the orders previously issued by the President of Pakistan.
(more…)