Karachi, February 12, 2024 – Active taxpayers for the tax year 2022 are granted an extended window to avail themselves of reduced tax rates, with the deadline set for February 29, 2024, announced the Federal Board of Revenue (FBR).
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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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How to Modify Income Tax Registration at FBR
In a recent development, the Federal Board of Revenue (FBR) has introduced a comprehensive procedure for individuals seeking to modify their income tax registration due to changes or omissions in their information.
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Basic Requirements for 2024 Income Tax Registration in Pakistan
As the tax season approaches in Pakistan for the year 2024, the Federal Board of Revenue (FBR), the apex tax agency of the country, has outlined the basic requirements for income tax registration.
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FTO Orders Probe into Tax Data Breach
Islamabad, February 7, 2024 – The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data, revealing a concerning breach in the system.
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FBR Introduces New Rules for International Oil Suppliers
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
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FBR Bans USB Usage in Tax Network After Malware Scare
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has taken decisive action to enhance cybersecurity by prohibiting the use of USB drives in its tax network after the detection of high-severity malware.
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FBR Directs BS-21 IRS Officers to Submit Asset Declarations
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has issued directives to officers of the Inland Revenue Service (IRS) in BS-21 to submit their asset declarations.
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Pakistan Source Income Defined for Tax Year 2024 by FBR
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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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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