Federal Board of Revenue (FBR) has prescribed monetary penalty for violating integration under Income Tax Ordinance, 2001.
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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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PBC raises concerns over proposed requirement of beneficial owner records
The Pakistan Business Council (PBC) has raised concerns over the Federal Board of Revenue’s (FBR) SRO 229(I)/ 2023, which requires companies and foreign investors to maintain records of beneficial owners, despite the comprehensive documentation already mandated by the Securities and Exchange Commission of Pakistan (SECP).
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Taxation structure on cigarettes still lowest in region: FBR
ISLAMABAD: The Chairman of the Federal Board of Revenue (FBR), Asim Ahmad has said that the taxation structure on cigarettes is still the lowest in the region and does not meet the World Health Organization (WHO) criteria.
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FTO expresses concerns over FBR’s unethical behavior
ISLAMABAD: The Federal Tax Ombudsman (FTO) has raised serious concerns over the Federal Board of Revenue’s (FBR) handling of taxpayer complaints, citing a lack of empathy and cooperation in addressing the hardships faced by taxpayers.
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Banks to observe extended banking hours for tax collection on March 30-31
To facilitate tax collection, banks in Pakistan have been instructed to observe extended banking hours on March 30 and 31, 2023.
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FBR publishes list of 3.41 million people on ATL
The Federal Board of Revenue (FBR) has made public 3.41 million names of persons, who are on active taxpayers list (ATL). The revenue body in its latest active taxpayers list (ATL) on March 21, 2023, which includes the names of 3.41 million individuals and companies.
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FBR unveils names of 3.41 million active taxpayers
According to the announcement made on Monday, the Federal Board of Revenue (FBR) has released its latest active taxpayers list (ATL), which includes the names of 3.41 million individuals and companies.
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FBR issues tax rate on prize bonds, winning for TY2023
Federal Board of Revenue (FBR) has issued tax rates to be collected on winning of prize bonds and raffle or lottery during tax year 2023.
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FBR notifies taxpayers required to file income tax return 2023
Federal Board of Revenue (FBR) has notified class of taxpayers, who are required to file income tax return for tax year 2023.
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FBR issues salary income tax rates for return filing 2023
KARACHI: Federal Board of Revenue (FBR) has issued salary income tax rates for filing return tax year 2023.
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