Latest Tax Rates for Electricity Consumption in FY 2023-24
Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
Tax officials stationed at the Federal Board of Revenue (FBR) headquarters have received a directive to report for duty on the upcoming weekly holidays, specifically Saturday, August 5, and Sunday, August 6, 2023.
Karachi, August 4, 2023 – In an effort to expedite the resolution of tax matters affecting the business community in Karachi, the Chairman of the Federal Board of Revenue (FBR), Amjad Zubair Tiwana, announced the formation of a high-powered committee.
Islamabad, August 4, 2023 – In a recent development, an official of Pakistan Customs has been slapped with a major penalty following charges of corruption, misconduct, and inefficiency.
Karachi, August 4, 2023 – The Federal Board of Revenue (FBR) in Pakistan has announced updated income tax rates on the winning of prize bonds and lottery for the fiscal year 2023-24, in accordance with Section 156 of the Income Tax Ordinance, 2001.
Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) has announced the tax rates on immovable property rental income for the fiscal year 2023-24.
Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued an official notification revealing the tax rates on bank deposits and national savings schemes under Section 151 of the Income Tax Ordinance, 2001.
Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.