Karachi, February 5, 2024 – The Federal Board of Revenue (FBR) in Pakistan has delineated the parameters for Pakistan source income for the tax year 2024, providing a comprehensive framework for the calculation of annual tax liabilities.
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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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New Record High 5.63 Million Active Taxpayers in Pakistan
Karachi, February 5, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached new record high at 5.63 million, according to the weekly Active Taxpayers List (ATL) for the tax year 2022.
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FBR Defines Resident for Tax Year 2024 in Pakistan
Karachi, February 4, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently provided a comprehensive definition for resident individuals, associations of persons, and companies for the tax year 2024.
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FPCCI Backs Restructuring of FBR for Economic Stability
Karachi, February 3, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced its support on Saturday for the proposed restructuring plan of the Federal Board of Revenue (FBR).
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Guide to Tax Registration in Pakistan for Return Filing 2024
Karachi, February 3, 2024 – The Federal Board of Revenue (FBR) has released a detailed guide outlining the steps for tax registration to facilitate the filing of income tax returns for the tax year 2024.
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FBR Launches Single Sales Tax Return for Telecom Sector
Islamabad, February 1, 2024 – In a groundbreaking move towards enhancing efficiency and reducing compliance costs, the Federal Board of Revenue (FBR) has officially launched a single sales tax return for the telecom sector, encompassing entities registered with both federal and provincial tax authorities.
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FBR Reshuffles 45 Customs Officers Ahead of General Elections
Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
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FBR Collects Rs 5.15 Trillion, Surpasses 7MFY24 Collection Target
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has exceeded expectations by collecting a staggering Rs 5.15 trillion in the first seven months (July – January) of the fiscal year 2023-24, surpassing the assigned target of Rs 5,115 billion.
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Tax Offices Extend Working Hours Till 8:00 PM on January 31
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has announced the extension of working hours for tax offices, with doors remaining open until 8:00 PM on Wednesday, January 31, 2024.
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Federal Cabinet Approves Sweeping Restructuring of FBR
Islamabad, January 30, 2024 – The Federal Cabinet, in a meeting on Tuesday, gave the green light to a comprehensive restructuring of the Federal Board of Revenue (FBR).
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