Islamabad, August 18, 2023 – The newly appointed Caretaker Finance Minister, Shamshad Akhtar, has issued a directive to the Federal Board of Revenue (FBR) to focus on improving the tax to GDP ratio.
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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 Urged to Extend Sales Tax Return Date as Provincial Portals Facing Glitches
Karachi, August 18, 2023 – The Karachi Tax Bar Association (KTBA) has formally requested the Federal Board of Revenue (FBR) to consider extending the deadline for filing sales tax returns due to technical issues plaguing provincial filing portals.
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Pakistan Extends Rs30 Billion Tax Exemption to Foreigners on Profit from Debt
Karachi, August 17, 2023 – In a bid to attract foreign investment and bolster the economy, Pakistan has granted a significant income tax exemption exceeding Rs30 billion to foreign entities for profits generated from debt during the fiscal year 2022-23.
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Pakistan Unveils Comprehensive Income Categories for Precise Taxation
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR), Pakistan’s foremost tax authority, has unveiled the distinct categories of income for taxation purposes during the fiscal year 2023-24.
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FBR Announces Mandatory Tax Return Filing Categories for 2023
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by outlining the categories of individuals who are required to file their annual income tax returns for the tax year 2023.
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FBR Eases Rules for Property Sellers under Section 7E
Karachi, August 16, 2023 – The Federal Board of Revenue (FBR) has announced a relaxation in the conditions governing Section 7E of the Income Tax Ordinance, 2001, specifically aimed at sellers of immovable property.
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Big Jump: 4.38 Million Pakistani Citizens Join Active Taxpayers List
Islamabad, August 15, 2023 – In Pakistan, there has been a substantial surge in enrollment in the Active Taxpayers List (ATL), with the number of participants reaching 4.38 million.
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FBR Keeps an Eye on Cash Withdrawals from Banks to Expand Tax Base
Karachi, August 15, 2023 – The Federal Board of Revenue (FBR) has begun monitoring citizens who are withdrawing large amounts of cash from banks, as part of efforts to increase the number of taxpayers in the country.
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FBR Introduces Mandatory Verification Form for Property Sellers Under Section 7E
Karachi, August 14, 2023 – The Federal Board of Revenue (FBR) has unveiled a significant measure for property transactions, issuing a new verification form under Section 7E of the Income Tax Ordinance, 2001.
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Pakistan Customs Officers Promoted to BS-20 and BS-21
Islamabad, August 10, 2023 – The Federal Board of Revenue (FBR) has announced the promotions of officers from the Pakistan Customs Service (PCS) to positions in BS-20 and BS-21.
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