Karachi, January 4, 2024 – The Federal Board of Revenue (FBR) has taken a decisive step by announcing that it will reject refund claims of customs duty if filed after one year.
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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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Who Are E-Intermediaries Under Income Tax Rules for 2024?
In a move to bring clarity to the taxation landscape, the Federal Board of Revenue (FBR) has recently updated the Income Tax Rules for the tax year 2024, shedding light on the definition of e-intermediaries.
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FBR Empowers Officers to Determine Customs Value
Karachi, January 2, 2024 – Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on the import or export of goods.
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Salary Tax Rates in Pakistan Unveiled for 2024
Karachi, January 2, 2024 – Pakistan has released the salary tax rates for the tax year 2024, outlining a progressive taxation structure.
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FBR Extends Deadline for HS Code List Recommendations
Islamabad, January 2, 2024 – The Federal Board of Revenue (FBR) has extended the deadline for submitting recommendations for the Harmonized System (HS) Code List until January 10, 2024.
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LTO Karachi Posts 35% Growth in December Tax Collection
Karachi, January 2, 2024 – The Large Taxpayers Office (LTO) in Karachi, the foremost tax collection agency of the Federal Board of Revenue (FBR) in Pakistan, has achieved an outstanding 35 percent growth in revenue collection for the month of December 2023 compared to the same month the previous year.
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FBR Recovers Rs 4.5 Billion in Tax From Multinational Company
Karachi, January 2, 2024 – The Federal Board of Revenue (FBR) has successfully recovered an outstanding tax amount of Rs 4.5 billion from a multinational company (MNC).
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Pakistan Customs Unveils Value of Exported Goods for 2024
Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.
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FBR Achieves Historic Rs 1 Trillion Mark in Single Month
Karachi, December 31, 2023 – The Federal Board of Revenue (FBR), the apex tax collecting agency of Pakistan, has set a historic record by collecting Rs 1 trillion in a single month for the first time in the nation’s history.
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FBR Unveils New Car Purchase Tax Rates for 2024
Karachi, December 31, 2023 — The Federal Board of Revenue (FBR) has announced the tax rates applicable to new car purchases for the tax year 2024, with significant disparities between individuals listed on the Active Taxpayers List (ATL) and those not on the list.
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