Karachi, July 29, 2024 – The Federal Board of Revenue (FBR) has announced July 31, 2024, as the deadline for shopkeepers and retailers to make the first monthly payment of advance tax under the Tajir Dost Scheme.
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Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.
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Business Income Tax Rates for 2024 Return Filing
Islamabad, July 28, 2024 – Business individuals are required to file their annual returns for the tax year 2024 based on the tax rates updated until June 30, 2024, as released by the Federal Board of Revenue (FBR).
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FBR Notifies Tax Rates on Electricity Consumption for 2024-25
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has announced the new income tax rates on electricity consumption for the fiscal year 2024-25. The updated rates are part of the amendments made to the Income Tax Ordinance, 2001 through the Finance Act, 2024.
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Salary Income Slabs for Tax Year 2024 Return Filing
Karachi, July 27, 2024 – As the deadline for filing income tax returns for the tax year 2024 approaches, salaried individuals are grappling with understanding which salary slabs to apply.
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FBR Simplifies Active Taxpayer Status Verification
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has implemented new, streamlined methods for taxpayers to verify their active status, which is essential for availing tax benefits. Individuals and businesses can now easily confirm their eligibility through several accessible channels.
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FBR Unveils Harsh Penalties for Tax Fraud in Latest Reform Blitz
Karachi, July 25, 2024 – The Federal Board of Revenue (FBR) has implemented stringent penalties for sales tax fraud, signaling a robust crackdown on offenders under amended legislation.
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FBR Imposes 25% Sales Tax on Imported Mobile Phones
Karachi, July 25, 2024 – The Federal Board of Revenue (FBR) has announced new sales tax rates on imported mobile phones, effective immediately. The revised tax structure, introduced through amendments in the Finance Act of 2024, aims to regulate the import and sale of mobile phones in Pakistan.
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FBR Fixes Income Tax Rates for Shops in Lahore Areas
Lahore, July 25, 2024 – The Federal Board of Revenue (FBR) has established fixed income tax rates based on the value of shops located in various areas of Lahore. This move aims to streamline tax collection from shopkeepers and retailers across the city.
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LTO Karachi Maintains Supremacy with Rs 2.53 Trillion in FY24
Islamabad, July 24, 2024 – The Large Taxpayers Office (LTO) Karachi has once again asserted its dominance in revenue collection for the Federal Board of Revenue (FBR), amassing a remarkable Rs 2.53 trillion during the fiscal year 2023-24. This substantial contribution underscores LTO Karachi’s pivotal role in bolstering the nation’s fiscal health.
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FBR Unveils Fixed Tax Rates for Karachi Shopkeepers
Karachi, July 23, 2024 – The Federal Board of Revenue (FBR) has announced fixed tax rates for shopkeepers in various areas of Karachi under the Tajir Dost Scheme. The rates were formalized through SRO 1064(I)/2024 issued on July 22, 2024.
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