Islamabad, November 10, 2023 – The Federal Board of Revenue (FBR) has taken a significant step toward modernizing tax documentation with the issuance of rules for electronic sales tax invoices.
(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.
-
Tax Rates on Foreign Transactions via Credit or Debit Cards Unveiled for Tax Year 2024
Tax rates on foreign transactions through credit or debit cards have been unveiled for tax year 2024 by the Federal Board of Revenue (FBR).
(more…) -
FBR Directs 52 IRS Officers to Submit Asset Declaration and Performance Reports
Islamabad, November 7, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ensure transparency and compliance within its ranks. In an official communication issued today, the FBR directed 52 officers from the Inland Revenue Service (IRS) to promptly submit their asset declaration and performance reports.
(more…) -
FBR Sends Acknowledgement of Return Filing for Tax Year 2023
Islamabad, November 7, 2023 – The Federal Board of Revenue (FBR) is taking a proactive step in acknowledging taxpayers for their compliance with income tax return filing for the tax year 2023, boosting trust and confidence in the tax system.
(more…) -
Pakistan Customs to Sell Confiscated Goods at 50% Discount to Utility Stores
Karachi, November 6, 2023 – Pakistan Customs has received authorization to offer confiscated and seized goods at a substantial 50 percent discount to the Utility Stores Corporation (USC).
(more…) -
Number of Active Taxpayers in Pakistan Crosses First-Time 5-Million Mark
Karachi, November 6, 2023 – Pakistan has achieved a historic milestone as the number of active taxpayers in the country surpassed the 5-million mark for the first time.
(more…) -
FTO Directs FBR to Operationalize Directorate of Immovable Property Valuation
Islamabad, November 6, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to operationalize the ‘Directorate General of Immovable Property,’ established under section 230F through the Finance Act of 2018.
(more…) -
Commissioner Inland Revenue Granted Powers Equivalent to Civil Court for Tax Recovery
Karachi, November 4, 2023 – The Commissioner of Inland Revenue has been granted powers equivalent to a civil court to facilitate the recovery of taxes, including the seizure of properties and, when necessary, the arrest of taxpayers.
(more…) -
FBR Issues New Customs Values of Tyres and Tubes after Massive Revenue Fall
Karachi, November 4, 2023 – Federal Board of Revenue (FBR) has issued new customs values of tyres and tubes for determination of duty and taxes after massive fall of revenue under this head.
(more…) -
FBR Establishes Scrutiny Facilitation Team for Upcoming General Election
Islamabad, November 2, 2023 – The Federal Board of Revenue (FBR) has announced the formation of a scrutiny facilitation team, poised to support the Election Commission of Pakistan (ECP) during the upcoming general elections.
(more…)