Karachi, October 24, 2023 – Pakistan has achieved a historic milestone with a record-breaking 4.93 million active taxpayers, as per the latest data released by the Federal Board of Revenue (FBR).
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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-to-GDP Ratio Falls to 8.5% in FY23 from Previous 9.2%: State Bank
Karachi, October 23, 2023 – The tax-to-GDP ratio in Pakistan has declined to 8.5 percent in the fiscal year 2022-23, down from the previous year’s 9.2 percent, according to official data revealed on Monday.
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FBR Initiates Action Against Millers for Under-Declaring Sugar Value to Evade Sales Tax
Karachi, October 22, 2023 – The Federal Board of Revenue (FBR) has launched an action against sugar millers for allegedly declaring a lower value of sugar to evade sales tax.
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FBR Establishes Committee to Implement Single Portal for Sales Tax Return Filing
Islamabad, October 20, 2023 – The Federal Board of Revenue (FBR) took a significant step on Friday by constituting a dedicated committee tasked with the design, development, and implementation of a single portal for the filing of sales tax returns across various jurisdictions.
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Lady Customs Officer Dismissed from Service for Unauthorized Absence
Karachi, October 20, 2023 – In a significant development, a female customs officer, Ms. Bushra Aafrin, has been handed a major penalty of dismissal from service by the Federal Board of Revenue (FBR) due to her unauthorized absence from duty.
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FBR and NADRA Discuss Information Sharing of Taxpayers
Islamabad, October 20, 2023 – The Federal Board of Revenue (FBR) and the National Database Registration Authority (NADRA) have engaged in discussions regarding the sharing of information related to taxpayers.
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Exporters Voice Outrage Over Abrupt Suspension of Online Sales Tax Refund Processing
Karachi, October 19, 2023 – Exporters in Pakistan are up in arms over the sudden suspension of online processing for sales tax refund claims by the Federal Board of Revenue (FBR).
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FBR Facilitates Submission of Sales Tax Refund Claims of Multi Tax Periods
Islamabad, October 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ease the process of claiming sales tax refunds for multiple tax periods.
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Pakistan Achieves Record High with 4.88 Million Active Taxpayers
Islamabad, October 17, 2023 – Pakistan has reached a historic milestone with a total of 4.88 million active taxpayers now featured on the updated list of income tax return filers released by the Federal Board of Revenue (FBR).
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FBR Sets New Deadline for Tax Year 2023 Return Filing
Karachi, October 16, 2023 – The Federal Board of Revenue (FBR) has announced a new deadline for filing income tax returns for the tax year 2023.
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