Islamabad, June 14, 2024 – The Federal Board of Revenue (FBR) announced on Friday an extension for the deadline to file sales tax and federal excise returns.
(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 to Open Tax Collection Window on June 22 and 23
Islamabad – The Federal Board of Revenue (FBR) on Friday announced that it will observe normal working days on Saturday, June 22, 2024, and Sunday, June 23, 2024.
(more…) -
Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
(more…) -
FBR to Collect Tax on Value of Motor Vehicles Starting July 1, 2024
Starting July 1, 2024, the Federal Board of Revenue (FBR) will shift its method of collecting advance income tax on motor vehicles.
(more…) -
FBR Unveils Heavy Penalties for CMOs for Denying SIM Blocking
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced stringent penalties on Cellular Mobile Operators (CMOs) for refusing to block SIM cards of non-filers, as part of the newly introduced amendments in the Finance Bill, 2024.
(more…) -
FBR Introduces New Tax Rates for Late Filers
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced new tax rates for late income tax return filers as part of the Finance Bill 2024.
(more…) -
Income Tax Rates for Salaried and Business Persons Enhanced
Islamabad, June 12, 2024 –Pakistan has increased tax rates for both salaried and business individuals in the newly presented budget for the fiscal year 2024-25.
(more…) -
FBR Releases Salient Features of FED in Finance Bill 2024
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has unveiled the salient features of the Federal Excise Duty (FED) measures included in the Finance Bill for the fiscal year 2024-25.
(more…) -
Finance Bill 2024 Introduces Massive Income Tax Measures
Islamabad, June 12, 2024 – The Federal Government of Pakistan has released the Finance Bill for the fiscal year 2024-25, unveiling extensive income tax measures aimed at generating substantial revenue to support the country’s economic needs.
(more…) -
New Sales Tax Measures under Finance Bill 2024
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has unveiled a series of new sales tax measures through the Finance Bill 2024.
(more…)