ISLAMABAD: Federal Board of Revenue (FBR) on Friday identified 96 big retailers for mandatory integration with Point of Sale (POS) system.
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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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Massive increase in prices of 1400CC+ cars likely after luxury sales tax
Experts estimated a massive hike in prices of cars with capacity of 1400CC and above after imposition of sales tax rate at 25 per cent.
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Complete PCT details of imported CBU motor vehicles for 25% sales tax
KARACHI: Federal Board of Revenue (FBR) issued Pakistan Customs Tariff (PCT) details of Completely Built Up (CBU) imported motor vehicles on which sales tax at 25 per cent is applicable.
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FBR issues list of luxury imported, local goods for imposing 25% sales tax
The Federal Board of Revenue (FBR) in Pakistan issued a comprehensive list on Wednesday, March 8, 2023, outlining the imposition of a 25% sales tax on both imported and locally produced luxury goods.
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Pakistan slaps 25% sales tax on import of mobile phones valuing above $500
In an effort to generate additional revenue and bridge fiscal gaps, Pakistan has imposed a 25% sales tax on the import of mobile phones valued above $500 per piece, according to official sources.
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FBR updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
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FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
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FBR transfers Qadir Memon as DG Post Clearance Audit
ISLAMABAD: Federal Board of Revenue (FBR) has transferred Abdul Qadir Memon, a senior official of Pakistan Customs Service (PCS) in BS-21 as Director General Post Clearance Audit.
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FBR updates Active Taxpayers List up to March 05, adds more return filers
ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued updated Active Taxpayers List (ATL) for tax year 2022 including the names of those taxpayers who filed their income tax returns up to March 05, 2023.
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FBR directs companies to provide details of beneficial owners by Dec 31
KARACHI: Federal Board of Revenue (FBR) has tightened laws pertaining to disclosure of beneficial owners by directing all companies and Association of Persons (AOPs) to provide details by December 31, 2023.
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