Karachi, March 23, 2024 – Pakistan has taken a significant stride in integrating business enterprises in real-time through its portal for documenting transactions nationwide.
(more…)Tag: FBR
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.
-
Retailers Get Relief from Tax Integration in Pakistan
Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.
(more…) -
FBR Unveils New Tax Scheme for Small Traders and Shopkeepers
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) has taken a significant step to ease tax burdens on small traders and shopkeepers by introducing a new ‘Tajir Dost Scheme,’ aiming to streamline tax procedures and promote compliance within this sector.
(more…) -
FBR Exempts Numerous Businesses from Mandatory Integration
Islamabad, March 22, 2024 – In a bid to promote ease of doing business and accommodate diverse sectors of the economy, the Federal Board of Revenue (FBR) introduced exemptions from mandatory online integration for certain businesses.
(more…) -
FBR Issues Fresh Procedure for Mobile Phone Registration
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) unveiled a new procedure for the registration of mobile phones, aiming to streamline the process and ensure compliance with regulatory standards.
(more…) -
Pakistan Tax Bar Raises Concerns Over SRO 350 of 2024
Karachi, March 22, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced reservations regarding the implications of SRO 350 of 2024, recently notified by the Federal Board of Revenue (FBR).
(more…) -
FBR Introduces SWAPS Rules for Digital Invoicing Enforcement
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).
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…)