Karachi, December 19, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards refining the tax recovery process by issuing a comprehensive list of items exempted from confiscation.
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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 Specifies Supportive Documents for Sales Tax Refund
Karachi, December 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing transparency and efficiency in the tax system by issuing a set of required supportive documents for sales tax refunds during the tax year 2024.
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FBR Unveils Procedure for Tax Practitioner Registration in TY2024
Karachi, December 18, 2023 – In a significant development for tax practitioners, the Federal Board of Revenue (FBR) has unveiled the detailed procedure for the registration of income tax practitioners for the tax year 2024.
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FBR Explains Filing and Processing of Sales Tax Refund Claims
Karachi, December 17, 2023 – The Federal Board of Revenue (FBR) has provided comprehensive guidance on the filing and processing of sales tax refund claims for the tax year 2024.
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Pakistan Enforces Requirement of Beneficial Owner Details
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
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FBR Transfers Senior IRS Officers in Major Administrative Overhaul
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) announced on Saturday a major administrative overhaul and transferred senior officers within the Inland Revenue Service (IRS).
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Sales Tax Registered Persons Required to E-File Returns
Karachi, December 16, 2023 – All the sales tax registered persons are required to e-file their returns during tax year 2024.
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FBR Mandates Displaying NTN at Business Places for TY2024
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a significant directive, making it mandatory for businesses to display their National Tax Number (NTN) at their respective places of operation during the tax year 2024.
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FBR Denies Goods Declaration Filing for Non-Active Taxpayers
Karachi, December 15, 2023 – The Federal Board of Revenue (FBR) has announced that non-active taxpayers will no longer be allowed to file goods declarations, as per the updated Sales Tax Rules, 2006 for the tax year 2024.
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Persons Required to File Tax Return Deemed Registered
Karachi, December 15, 2023 – The Federal Board of Revenue (FBR) in Pakistan has announced significant updates to the Income Tax Rules, 2002, for the tax year 2024, emphasizing that individuals required to file income tax returns will now be considered as registered entities.
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