Pakistan and Tajikistan have signed to amend the existing convention for avoidance of double taxation, Federal Board of Revenue (FBR) on Monday.
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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 seeks proposals to eliminate exemption, concessions in income tax
ISLAMABAD: The Federal Board of Revenue (FBR) has called for proposals to eliminate exemptions and concessions under income tax laws as part of the formulation process for the budget 2023-2024.
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Supreme Court orders taxpayers to pay half of super tax
ISLAMABAD: Supreme Court of Pakistan (SCP) on Monday ordered the taxpayers to pay half of the super tax within seven days, according to a Tweet by the Federal Board of Revenue (FBRP).
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FBR notifies regulations for evidence of identity to accessing Pakistan Single Window
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified regulations for evidence of identity for accessing Pakistan Single Window (PSW).
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FTO directs fair treatment of salary taxation for temporary employees
Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.
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IRS officers directed to provide declaration of avoiding private consultancy
ISLAMABAD: Federal Board of Revenue (FBR) on Friday directed all officers / officials of Inland Revenue Service (IRS) to submit declaration of avoiding private consultancy.
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FBR shuffles 60 customs officers in latest transfers, postings
ISLAMABAD: In a significant administrative move, the Federal Board of Revenue (FBR) has announced the transfer and posting of 60 senior officers of the Pakistan Customs Service (PCS) in its latest reshuffle.
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Pass Track launched for currency declaration at Pakistani airports
ISLAMABAD: Pakistan Customs has launched a mobile application namely ‘Pass Track’ for online currency declaration for incoming and outgoing foreign passengers from / to the country.
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Tax withdrawal from banking transactions causes loss of over Rs31 billion to FBR
ISLAMABAD: Withdrawal of tax on banking transactions has caused a loss of over Rs31 billion to the Federal Board of Revenue (FBR).
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FBR notifies rules to share information of civil servants with banks
ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to share information of civil servants with commercial banks in Pakistan.
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