Islamabad, August 10, 2023 – The Federal Board of Revenue (FBR) has officially announced the promotions of 25 officers from the Inland Revenue Service (IRS) to positions in BS-20 and BS-21.
(more…)Tag: FBR
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.
-
FBR Launches Transaction Recording for Aggressive Crackdown on Tax Evaders
Karachi, August 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in its pursuit of tax evaders by launching an information portal to record all transactions.
(more…) -
FBR Takes Action: Customs Officer Suspended for 120 Days
Islamabad, August 8, 2023 – In a move aimed at upholding efficiency and discipline within the ranks of the Federal Board of Revenue (FBR), a customs officer holding the position of BS-17 has been suspended for a period of 120 days.
(more…) -
FBR Implements Senior Customs Officers Transfers in BS-20 and BS-21
Islamabad, August 8, 2023 – The Federal Board of Revenue (FBR) has executed a series of transfers among senior officers of the Pakistan Customs Service (PCS) in BS-20 and BS-21 on Tuesday.
(more…) -
Non-ATL Property Buyers to Face 250% Higher Income Tax in FY 2023-24
Karachi, August 8, 2023 – The non-ATL buyers of immoveable property will face 250 percent higher tax during fiscal year 2023-24, according to the Federal Board of Revenue (FBR).
(more…) -
ATL Broadens to 4.32 Million
Pakistan’s Active Taxpayers List (ATL) has seen a significant increase, reaching 4.32 million, owing to measures that compelled non-compliant individuals and businesses to join the documentation system.
(more…) -
FBR Chairman Rejects Tax Exemption for Realtors Amid IMF Stand-By Arrangement
Islamabad, August 7, 2023 – In a meeting with representatives from the real estate sector, Malik Amjed Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), firmly declined to grant any tax exemption to the realtors.
(more…) -
FBR Introduces 15% Income Tax on Prepaid Phone Cards
Karachi, August 6, 2023 – In a recent development, the Federal Board of Revenue (FBR) has imposed a 15 percent income tax on the sale price of prepaid phone cards.
(more…) -
Latest Tax Rates for Electricity Consumption in FY 2023-24
Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
(more…) -
FBR Introduces 200% Higher Tax Rates for Non-ATL Motor Vehicle Registration in FY 2023-24
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
(more…)