Karachi, December 27, 2023: The Federal Board of Revenue (FBR) has unveiled a detailed procedure for the collection of extra sales tax on electricity and natural gas from industrial and commercial connections.
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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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Property Transfer Statements Made Mandatory in Pakistan
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR), apex tax agency of Pakistan, has made it mandatory for individuals involved in attesting or registering immovable property to furnish a monthly property transfer statement.
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FBR Grants Tax-Free Petroleum Product Sharing to OMCs
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR) has granted permission for tax-free sharing of petroleum products among Oil Marketing Companies (OMCs).
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FBR Announces Postings of Senior IRS Officers on Public Holiday
Karachi, December 25, 2023 – In an unusual move, the Federal Board of Revenue (FBR) made significant announcements regarding the postings of senior officers of the Inland Revenue Service (IRS) on a public holiday today, December 25, 2023.
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FBR Flexes Muscles to Capture 1.5 Million New Taxpayers
Islamabad, December 25, 2023 – The Federal Board of Revenue (FBR) is flexing its muscles in a bold move to capture 1.5 million new taxpayers and boost tax base of Pakistan.
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Pakistan Achieves Landmark High of 5.37 Million Active Taxpayers
Karachi, December 25, 2023 – The Federal Board of Revenue (FBR) on Monday announced Pakistan achieved a record high of 5.37 million active taxpayers for the 2022 tax year.
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Pakistan Updates List of Mandatory Tax Filers
Karachi, December 24, 2023 – Pakistan has updated its list of mandatory tax return filers in a move to enhance fiscal transparency and broaden the tax base.
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FBR Set to Suspend Bank Accounts of Non-Filers of Tax Returns
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax agency, is gearing up to suspend bank accounts of individuals who have failed to file their income tax returns, as per an official statement released today.
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FBR Unveils Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently released a detailed procedure for making zero-rated supplies to duty-free shops, aiming to streamline and regulate transactions in this sector.
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FBR Obtains Details of Car Buyers on Monthly Basis
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
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