Karachi, September 5, 2023 – Pakistan’s Active Taxpayers List (ATL) has reached an all-time high, with approximately 4.54 million individuals and businesses now on the list, according to official documents released by the Federal Board of Revenue (FBR), Pakistan’s apex tax agency.
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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 Provides Explanation for Provision Regarding Consumer Loans
Karachi, September 4, 2023 – The Federal Board of Revenue (FBR) has explained the provision related to consumer loans in the updated Income Tax Ordinance, 2001, effective from July 1, 2023.
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FBR Releases Guidelines for Tax Payment on Immovable Properties Under Section 7E
Karachi, September 4, 2023 – The Federal Board of Revenue (FBR) has issued comprehensive guidelines on the procedure for income tax payment under Section 7E of the Income Tax Ordinance, 2001.
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FBR Sets Conditions for Deduction of Bad Debts in Tax Year 2024
Karachi, September 3, 2023 – The Federal Board of Revenue (FBR) has issued guidelines specifying conditions for allowing deductions for bad debts during the tax year 2024.
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PTBA Criticizes FBR for Unlawful Changes to Return Filing Portal, Urges Swift Resolution
Karachi, September 3, 2023 – The Pakistan Tax Bar Association (PTBA) has strongly criticized the Federal Board of Revenue (FBR) for implementing unauthorized changes to the tax return filing system, causing significant challenges for taxpayers as the September 30, 2023 deadline approaches.
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FBR Launches Mega Operation Against Sugar Mills to Examine Stock Position
In response to the ongoing sugar crisis in Pakistan, the Federal Board of Revenue (FBR) has initiated a comprehensive operation targeting sugar mills across the country.
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FBR Assures Traders of Easing Tax Burden on Electricity Bills
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
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FBR Imposes 4% Further Tax on Electricity Bills for Inactive Taxpayers
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has initiated the collection of a further tax at a rate of four percent on electricity bills for individuals who are not listed in the active taxpayers list (ATL), as per an official document.
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FBR Surpasses August Collection Target Despite Challenges
Islamabad, August 31, 2023 – The Federal Board of Revenue (FBR) has defied the odds and delivered a commendable performance in achieving its revenue target for August 2023.
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FBR Files Complaint of Government Fund Misappropriation Against Senior PIA Officials
Karachi, August 31, 2023 – The Federal Board of Revenue (FBR) has officially registered a complaint against senior officials of Pakistan International Airlines (PIA) for alleged misappropriation of government funds, sources said on Thursday.
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