Islamabad, February 1, 2024 – In a groundbreaking move towards enhancing efficiency and reducing compliance costs, the Federal Board of Revenue (FBR) has officially launched a single sales tax return for the telecom sector, encompassing entities registered with both federal and provincial tax authorities.
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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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FBR Reshuffles 45 Customs Officers Ahead of General Elections
Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
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FBR Collects Rs 5.15 Trillion, Surpasses 7MFY24 Collection Target
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has exceeded expectations by collecting a staggering Rs 5.15 trillion in the first seven months (July – January) of the fiscal year 2023-24, surpassing the assigned target of Rs 5,115 billion.
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Tax Offices Extend Working Hours Till 8:00 PM on January 31
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has announced the extension of working hours for tax offices, with doors remaining open until 8:00 PM on Wednesday, January 31, 2024.
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Federal Cabinet Approves Sweeping Restructuring of FBR
Islamabad, January 30, 2024 – The Federal Cabinet, in a meeting on Tuesday, gave the green light to a comprehensive restructuring of the Federal Board of Revenue (FBR).
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Customs Official Faces Major Penalty for Duty Absence
Karachi, January 29, 2024 – In a significant development, Anoos Robin, an Inspector Customs (BS-16) at the Collectorate of Customs Appraisement-East, Lahore, has been slapped with a major penalty of dismissal from service due to prolonged unauthorized absence from duty.
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Pakistan Achieves New Record of 5.6 Million Active Taxpayers
Karachi, January 29, 2024 – In a milestone for fiscal governance, official data released on Monday revealed that the number of active taxpayers in Pakistan has soared to a new high of 5.6 million, as per the updated weekly Active Taxpayers List (ATL) for tax year 2022.
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FBR and FMU Workshop on Combating Tax Evasion
Islamabad, January 29, 2024 – In a significant step towards strengthening the fight against tax evasion, the Federal Board of Revenue (FBR) and the Financial Monitoring Unit (FMU) joined forces to organize a two-day workshop on financial intelligence.
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Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
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Business Leaders Prefer Anti-Smuggling to Trade Restrictions
Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
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