Regulations have been imposed on imports for Special Technology Zones (STZs) by the Federal Board of Revenue (FBR) in an effort to ensure proper management and control over the importation of goods within these zones.
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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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Pakistan tightens rules on carnet de-passage to prevent misuse
The Federal Board of Revenue (FBR) – the apex tax agency of Pakistan – on Monday issued a new amendment, SRO 533 (I)/2023, aimed at preventing the misuse of carnet de-passage and temporary importation of vehicles by foreigners and expatriate Pakistanis.
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FBR launches evaluation to combat mis-Invoicing of imported goods
The Federal Board of Revenue (FBR) in Pakistan has launched an evaluation process to combat mis-invoicing of imported goods at customs clearance.
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Pakistan may target banks for additional tax revenue
The Pakistani government is facing a significant shortfall in its revenue target for fiscal year 2023, prompting analysts to suggest that the banking sector could be a prime target for additional taxation levies.
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IRS officers shuffled as FBR struggles to meet tax collection targets
The Federal Board of Revenue (FBR) Friday May 05, 2023 announced a major reshuffle of officers in the Inland Revenue Service (IRS) from BS-17 to BS-20, citing the need to improve tax collection efforts.
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Sunset clause expires, RD on vehicle, mobile phone automatically withdrawn: FBR
The Federal Board of Revenue (FBR) recently made an announcement stating that the notification for imposing regulatory duties (RD) on the import of vehicles and mobile phones had a sunset clause that expired on March 31, 2023.
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FBR intensifies operations against sugar smuggling
The Federal Board of Revenue (FBR) is taking steps to prevent sugar smuggling and ensure sufficient availability in the domestic market.
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FBR’s revenue collection from cigarette sales falls short of expectations despite FED hike
The Federal Board of Revenue (FBR) did not meet its revenue collection target from cigarette sales in April 2023, despite the sharp increase in Federal Excise Duty (FED) on the tobacco industry through the mini-budget in February this year.
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FBR signs information sharing pacts with Sindh and Balochistan
In an effort to promote efficiency and transparency in the tax collection system, the Federal Board of Revenue (FBR) has entered into information sharing agreements with two provincial revenue boards, namely the Board of Revenue Sindh and the Board of Revenue Balochistan.
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FBR transfers high-ranking customs officials amid ongoing anti-smuggling operation
On Wednesday, the Federal Board of Revenue (FBR) transferred several high-ranking officials of the Pakistan Customs Service (PCS) to different positions as the country intensified its efforts to combat smuggling.
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