Karachi, December 11, 2023 – Federal Board of Revenue (FBR) on Monday notified amended rules for integration of electronic invoicing and licensing for sales tax registered persons.
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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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Mandatory sales tax registration Requirements in TY2024
Karachi, December 11, 2023 – Tax authorities have issued mandatory requirement for sales tax registration during tax year 2024.
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Release of Tax Exemption Certificates to Non-Residents
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) has issued procedure for release of tax exemption certificates to non-residents during tax year 2024.
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Acquiring Temporary Sales Tax Registration in TY2024
Karachi, December 10, 2023 – Rules have been notified for acquiring temporary sales tax registration in Pakistan during tax year 2024.
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FBR Grants Free Access to Officials for Tax Monitoring
Karachi, December 10, 2023 – Federal Board of Revenue (FBR) has empowered tax officials with free access for monitoring imported goods during tax year 2024.
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FBR Obtains Monthly Information of Bank Depositors
Karachi, December 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by acquiring monthly information on account holders with deposits in banks.
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FBR Mandates Fixation of Retail Prices for Various Goods Under Updated Sales Tax Law
Karachi, December 8, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in streamlining the retail market by issuing a comprehensive list of items for which the fixation of retail prices is now mandatory.
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FBR Obligated to Release Final Income Tax Return Forms by January 31 for Tax Year 2024
Karachi, December 8, 2023 – The Federal Board of Revenue (FBR), acting within the parameters of tax legislation, is compelled to unveil the income tax return forms by January 31, 2024, for the impending tax year 2024.
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FBR Restricts Retailers from Issuing Temporary Sales Tax Invoices via POS System
Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has implemented a directive preventing integrated retailers from issuing temporary sales tax invoices through the Point of Sale (POS) system.
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