Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) has announced the tax rates on immovable property rental income for the fiscal year 2023-24.
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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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Tax Rates on Bank Deposits and Saving Schemes in Pakistan Revealed
Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued an official notification revealing the tax rates on bank deposits and national savings schemes under Section 151 of the Income Tax Ordinance, 2001.
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Pakistan Imposes Up to 70% Tax on Dividend Income for Non-ATL Recipients
Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
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FBR Unveils Withholding Tax Rates During 2023-24 for ATL and Non-ATL Importers
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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FBR Introduces Tracking and Monitoring of Cargo Rules, 2023 to Enhance Trade Security
Islamabad, August 2, 2023 – In an effort to bolster security and ensure transparency in trade, the Federal Board of Revenue (FBR) of Pakistan has notified the Tracking and Monitoring of Cargo Rules, 2023.
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Amjad Zubair Tiwana Appointed as New FBR Chairman
Islamabad, August 2, 2023 – The federal government has made a significant appointment by selecting Amjad Zubair Tiwana as the new Chairman of the Federal Board of Revenue (FBR), the apex tax agency in Pakistan. This decision was conveyed through an official notification issued by the Establishment Division.
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New Tax Measures Boost Revenue: FBR Surpasses July Collection Target
Islamabad, August 1, 2023 – The Federal Board of Revenue (FBR) has achieved remarkable success by surpassing the revenue collection target for July 2023, thanks to the implementation of new tax measures that came into effect at the beginning of the month.
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Return Filing Deadline Looms: File Your Income Tax Returns by September 30
Islamabad, August 1, 2023 – The Federal Board of Revenue (FBR) in Pakistan has officially announced the last date for filing income tax returns for the tax year 2023.
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From Non-Filers to Active Taxpayers: Pakistan’s ATL Hits 4.26 Million High
Pakistan witnessed significant increase in Active Taxpayers with over 40,000 income tax returns filed in a single week, to high high of 4.26 million.
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FBR Issues Updated Tax Law for Treatment of Black Money in Pakistan
Islamabad, July 31, 2023 – The Federal Board of Revenue (FBR) has recently released an updated tax law aimed at addressing the issue of black money and unexplained funds in Pakistan.
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