Islamabad, March 21, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency and combating evasion with the introduction of rules for the Synchronized Withholding Administration and Payment System (SWAPS).
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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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FBR to Establish Quarterly Minimum Values for Steel Products
In a significant move aimed at enhancing transparency and efficiency in tax assessment, the Federal Board of Revenue (FBR) has announced its decision to establish minimum values for steel products on a quarterly basis.
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FBR Promotes 37 IRS Officers to Higher Scale of BS-18
Islamabad, March 19, 2024 – In a significant development within the Federal Board of Revenue (FBR), 37 officers of the Inland Revenue Service (IRS) have been granted promotion to the higher scale of BS-18.
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FBR Issues Instructions on Single Sales Tax Return Portal
Islamabad, March 19, 2024 – In a move aimed at enhancing tax procedures and fostering business efficiency, the Federal Board of Revenue (FBR) has issued instructions regarding the operation of the Single Sales Tax Return (SSTR) portal.
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Updated ATL Expands to 3.67 Million Active Taxpayers
Karachi, March 18, 2024 – The Federal Board of Revenue (FBR) has announced that the Updated Active Taxpayers List (ATL) for tax year 2023 has expanded significantly, reaching 3.67 million active taxpayers, according to official data released on Monday.
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FBR Partners with Karandaaz for Digitalizing Tax Administration
Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has embarked on a transformative journey to modernize Pakistan’s tax administration through a groundbreaking partnership with Karandaaz Pakistan.
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FBR Transfers 44 Senior IRS Officers in Major Overhaul
Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has undertaken a significant restructuring by transferring 44 senior officers of the Inland Revenue Service (IRS) in a major reshuffle announced on Friday.
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KTBA Urges FBR Clarity on Beneficial Owner Record Form
Karachi, March 14, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over the ambiguity surrounding the submission of forms related to the record of beneficial owners, urging the Federal Board of Revenue (FBR) to provide clarity on the matter.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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FTO Asks FBR to Clarify Provident Fund Registration
Karachi, March 12, 2024 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a clarification on the registration process for provident funds by employers.
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