Lahore, July 10, 2024 The Lahore Tax Bar Association (LTBA) has raised concerns about the challenges faced by businesses in filing sales tax returns following the implementation of a new regulation, SRO 350(I)/2024.
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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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IRSOA Slams FBR for Unjust Treatment of Top Officers
Karachi, July 10, 2024 – The Inland Revenue Service Officers Association (IRSOA) has vehemently condemned the recent actions of the Federal Board of Revenue (FBR) regarding the transfer of senior officers to an administrative pool.
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SRO 350 Sparks Controversy as PBC Raises Tax Return Concerns
Karachi, July 9, 2024 – The Pakistan Business Council (PBC) has raised significant concerns regarding recent amendments to the Sales Tax Rules, 2006, introduced through SRO 350(I)/2024 by the Federal Board of Revenue (FBR).
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FBR Gathers Dual Nationality Information of Customs Officials
Karachi, July 9, 2024 – The Federal Board of Revenue (FBR) has initiated the process of collecting information regarding dual nationality from customs officials across Pakistan. This move comes as part of a directive issued by the FBR under the Right of Information Act, 2017.
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Karachi Chamber Demands FBR Address Controversial SRO 350
Karachi, July 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to promptly resolve the ongoing issues related to SRO 350 (I)/2004, which have been a source of significant concern for the business community.
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Finance Act 2024 Limits FBR in Issuing Assessment Notices
Karachi, July 9, 2024 – The Finance Act 2024 has introduced significant changes, imposing limitations on the Federal Board of Revenue (FBR) regarding the issuance of assessment notices. This move aims to streamline tax processes and provide clarity to taxpayers.
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FBR Predicts Significant Tax Revenue Growth for 2024-25
Islamabad, July 9, 2024 – Pakistan’s Federal Board of Revenue (FBR) reported a slight improvement in the country’s tax-to-GDP ratio, which reached 9% in the fiscal year 2023-24, up from 8.5% the previous year.
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FBR Records Nearly 5 Million Active Taxpayers for Tax Year 2023
Islamabad, July 8, 2024 – The Federal Board of Revenue (FBR) has reported a significant milestone, with nearly 5 million active taxpayers recorded for the tax year 2023 as of July 7, 2024.
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Tax Return Filing Season 2024 Begins in Pakistan
Karachi, July 7, 2024 – The commencement of the annual income tax return filing for tax year 2024 marks a pivotal moment for taxpayers in Pakistan as the Federal Board of Revenue (FBR) has officially launched the finalized return forms.
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FBR Nets 4.5 Million Potential Tax Evaders in Digital Dragnet
Islamabad, July 6, 2024 – Pakistan’s Federal Board of Revenue (FBR) has made a significant breakthrough in its efforts to combat tax evasion. In a briefing presented to Prime Minister Shehbaz Sharif, the FBR identified a staggering 4.5 million individuals with taxable income who are currently not registered within the national tax system.
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