ISLAMABAD, May 22, 2024 – The Federal Board of Revenue (FBR) issued new instructions on Wednesday related to the budget exercise for 2024-25. The FBR announced that the budget exercise has commenced at its headquarters in Islamabad, and as a result, it has banned the entry of visitors to maintain the security and confidentiality of the process.
(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 Bans Visitor Entry in HQs Amid Budget Preparation
Islamabad, May 21, 2024 – In a move aimed at maintaining confidentiality and ensuring the smooth preparation of the annual revenue budget for 2024-25, the Federal Board of Revenue (FBR) has imposed a ban on the entry of visitors into its Islamabad headquarters effective immediately.
(more…) -
FBR Eyes New Real Estate Tax to Generate Rs 500 Billion
Karachi, May 21, 2024 – The Federal Board of Revenue (FBR) is considering imposing a new tax on the real estate sector, aiming to tap into an estimated Rs 500 billion.
(more…) -
FBR Reports 4.30 Million Active Taxpayers
Karachi, May 20, 2024 – The Federal Board of Revenue (FBR) reported on Monday that the number of active taxpayers for the tax year 2023 has surged to 4.30 million.
(more…) -
Voting for IRS Officers Association Election on May 26-27
The Inland Revenue Service (IRS) Officers Association is gearing up for its highly anticipated election, scheduled for Sunday, May 26, and Monday, May 27.
(more…) -
FBR Establishes Joint Working Group for Phone SIM Blocking
Islamabad, May 17, 2024 – The Federal Board of Revenue (FBR) has announced the formation of a joint working group tasked with enforcing the blocking of mobile phone SIMs belonging to non-filers of income tax returns.
(more…) -
FBR Engages Traders to Address Concerns on Tajir Dost Scheme
Islamabad, May 17, 2024 – The Federal Board of Revenue (FBR) took proactive steps on Friday by convening a crucial meeting with representatives from various trade unions across the country to address concerns raised by the trade and business community regarding the implementation of the Tajir Dost Scheme.
(more…) -
PIC Directs FBR to Disclose Information on Tax Evasion
The Pakistan Information Commission (PIC) has directed the Federal Board of Revenue (FBR) to disclose detailed information regarding tax evasion investigations involving prominent enterprises.
(more…) -
Bakhtiar Muhammad Appointed as Official Spokesperson for FBR
Islamabad, May 16, 2024 – The Federal Board of Revenue (FBR) on Thursday announced the appointment of Bakhtiar Muhammad, a senior BS-21 officer of the Inland Revenue Service, as its official spokesperson, effective immediately.
(more…) -
SBP Raises Red Flag on FBR’s Impressive Collection Growth
Karachi, May 14, 2024 – The State Bank of Pakistan (SBP) has cast doubt on the celebrated revenue collection growth reported by the Federal Board of Revenue (FBR), especially at a time of soaring inflation and steep rupee depreciation.
(more…)