Karachi, November 24, 2023 – The Federal Board of Revenue (FBR) has announced that the offices of Inland Revenue will remain open on Saturday, November 25, 2023 to facilitate tax payment.
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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.
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Pakistan Develops New Documentation Law to Bring Wholesalers and Retailers in Tax Net
Islamabad, November 24, 2023 –Pakistan has developed a new documentation law aimed at bringing wholesalers and retailers under the tax net.
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Banks May Seek Legal Remedy Against Newly Imposed Windfall Tax
Karachi, November 23, 2023 – Banks in Pakistan likely to seek legal remedies in response to the recent imposition of a tax on windfall income or profit.
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FBR Grants Travel Allowance to Tax Officials for Monitoring Duties
Karachi, November 23, 2023 – The Federal Board of Revenue (FBR) has announced the granting of travel allowances to tax officials deployed at business premises of taxpayers for the purpose of monitoring transactions.
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FBR Issues Notification on Windfall Tax Computation for Banks
Islamabad, November 22, 2023 – The Federal Board of Revenue (FBR) has issued a crucial notification on Wednesday, outlining the process for the computation of windfall tax on banks.
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LTO Karachi Summons Sugar Millers in Tax Fraud Probe
November 22, 2023 – The Large Taxpayers Office (LTO) Karachi, a crucial revenue collection arm of the Federal Board of Revenue (FBR), has intensified its investigation into sales tax fraud, summoning sugar millers to appear before an inquiry regarding the issuance of fake and flying invoices.
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Inland Revenue Officers Granted Powers to Arrest Sales Tax Fraud During Tax Year 2024
Karachi, November 22, 2023 – The Federal Board of Revenue (FBR) has bestowed unprecedented powers upon Inland Revenue officers to arrest individuals involved in sales tax fraud during the tax year 2024.
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FBR Announces Rates of Sales Tax Default Surcharge for Tax Year 2024
Karachi, November 21, 2023 – The Federal Board of Revenue (FBR) has notified the rates of default surcharge under the Sales Tax Act, 1990, for the tax year 2024.
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FBR Sets Monetary Penalties for Failure in Sales Tax Return Filing in Tax Year 2024
The Federal Board of Revenue (FBR) has introduced monetary penalties for individuals or entities failing to file their sales tax returns for the Tax Year 2024.
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