Federal Board of Revenue (FBR) is planning to increase capital gains tax (CGT) rates and period on immovable properties in order to discourage short-term buying and selling.
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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 allows processing of Uzbek transit goods through ports, terminals
The Federal Board of Revenue (FBR) has announced that Uzbek transit goods can now be processed through Customs-ports and terminals in Karachi Port, Port Muhammad Bin Qasim, and Gwadar Port under the Uzbekistan-Pakistan Transit Trade Agreement.
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PM directs installing track, trace system at all cigarette manufacturing units
Prime Minister Muhammad Shehbaz Sharif has directed for the installation of a trace and track system in all cigarette manufacturing units of the country within the next two weeks to combat tax evasion.
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FBR issues rules for trade data dissemination of Pakistan Single Window
Federal Board of Revenue (FBR) on Monday issued rules for dissemination of data of Pakistan Single Window (PSW).
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Latest active taxpayers list gets 3.45 million return filers
Latest active taxpayers list issued by the Federal Board of Revenue (FBR) has been populated with 3.45 million return filers.
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FBR set to issue fresh valuation tables for immovable properties
ISLAMABAD: Federal Board of Revenue (FBR) is set to issue fresh valuation tables for immovable properties across the country.
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FBR to reward persons helping new taxpayers in return filing
ISLAMABAD: Federal Board of Revenue (FBR) will reward persons for helping new taxpayers in filing their returns, official sources said on Saturday.
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FBR prescribes monetary penalty for violating integration under income tax law
Federal Board of Revenue (FBR) has prescribed monetary penalty for violating integration under Income Tax Ordinance, 2001.
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PBC raises concerns over proposed requirement of beneficial owner records
The Pakistan Business Council (PBC) has raised concerns over the Federal Board of Revenue’s (FBR) SRO 229(I)/ 2023, which requires companies and foreign investors to maintain records of beneficial owners, despite the comprehensive documentation already mandated by the Securities and Exchange Commission of Pakistan (SECP).
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Taxation structure on cigarettes still lowest in region: FBR
ISLAMABAD: The Chairman of the Federal Board of Revenue (FBR), Asim Ahmad has said that the taxation structure on cigarettes is still the lowest in the region and does not meet the World Health Organization (WHO) criteria.
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