Karachi, October 26, 2024 – The Federal Board of Revenue (FBR) has appointed Wajid Ali, a senior BS-21 officer from the Pakistan Customs Service (PCS), as the new Member of Customs Policy.
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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 Outlines Import Tax Collection Process for Tax Year 2025
Karachi, October 26, 2024 – The Federal Board of Revenue (FBR) has detailed the process for collecting advance tax at the import stage for the fiscal year 2024-25. According to the FBR, this process is primarily governed by Section 148 of the Income Tax Ordinance, 2001.
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FBR Enacts Amendments to Vehicle Import Rules for Tourists
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has announced significant amendments to regulations governing the temporary import of vehicles by tourists, aimed at enhancing compliance and ensuring that imported vehicles are utilized solely for travel purposes.
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FBR Revises Baggage Rules to Seize Commercial Quantity Goods
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has proposed amendments to the Baggage Rules, 2006, introducing provisions for the confiscation of goods brought into Pakistan in commercial quantities. The draft amendments, published through SRO 1649(I)/2024, signal FBR’s intent to intensify regulatory scrutiny over items entering the country under personal baggage exemptions.
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FBR Imposes Major Penalty on Customs Officer in Corruption Case
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has imposed a severe disciplinary penalty, removing customs officer Shahid Naseem Joiya from service due to corruption and serious misconduct.
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FBR Enforces Income Tax on Provincial Sales Tax Registrants
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has implemented a significant measure to collect advance income tax from individuals and businesses registered for provincial sales tax.
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FBR Curtails Customs Intelligence Powers to Facilitate Taxpayers
Karachi, October 25, 2024 – In a significant move to streamline operations and ease taxpayer concerns, the Federal Board of Revenue (FBR) has reduced the powers of the Directorate General of Intelligence and Investigation (I&I) Customs.
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FBR Amends Transshipment Rules for Iranian Transport Operators
Islamabad, October 25, 2024 – The Federal Board of Revenue (FBR) has revised the transshipment rules for Iranian transport operators involved in the movement of goods across Pakistan’s borders. The new rules are part of the efforts to strengthen regulatory frameworks governing international trade and transportation, especially under the Bilateral Road Transportation of Goods agreement between Pakistan and Iran.
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FBR Announces Daily Updates to Active Taxpayers List
Islamabad, October 24, 2024 – In a significant policy shift, the Federal Board of Revenue (FBR) has announced that it will now update the Active Taxpayers List (ATL) on a daily basis, departing from its previous practice of weekly updates.
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PM Shehbaz Directs FBR to Create Taxpayer-Friendly Environment
Islamabad, October 24, 2024 – Prime Minister Shehbaz Sharif on Thursday instructed the Federal Board of Revenue (FBR) to foster a more taxpayer-friendly atmosphere in a bid to build trust and enhance tax compliance. The prime minister made these remarks while chairing a review meeting focused on FBR reforms, according to a press release from the PM Office.
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