Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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Tag: Federal Boad of Revenue
FBR Gains Access to PSX Online System for Broadening Tax Base
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) will gain access to the online system of the Pakistan Stock Exchange (PSX) for broadening of tax base.
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FBR Targets Two Million New Taxpayers with Inauguration of 145 District Tax Offices
Islamabad, November 17, 2023 – The Federal Board of Revenue (FBR) has set its sights on adding two million new taxpayers to the national tax net through the establishment of 145 District Tax Offices, according to a statement released by the apex tax body on Friday.
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Pakistan Begins Collecting Bank Guarantee for Afghan Transit Goods to Curb Pilferage
Karachi, October 7, 2023 – In a bid to enhance security measures and curb pilferage of Afghan transit goods on Pakistani soil, Pakistan has initiated the process of collecting bank guarantees for goods intended for Afghan transit trade.
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Pakistan Implements Bank Guarantees to Secure Duty and Taxes on Afghan Transit Goods
Karachi, October 3, 2023 – In a bid to bolster customs security and ensure compliance with customs procedures, Pakistan has introduced a new system of bank guarantees for Afghan transit trade goods.
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Pakistan Slaps 10% Processing Fee on Afghan Transit Goods to Curb Smuggling
Karachi, October 3, 2023 – In a bid to curb the rampant smuggling of goods, Pakistan has introduced a 10 percent processing fee for the clearance of Afghan transit trade goods passing through its territory.
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Return Filing Glitches Annoy Non-Resident Pakistanis
Karachi, September 27, 2023 – Non-resident Pakistanis are encountering significant challenges as they attempt to file their income tax returns for the tax year 2023, primarily due to persistent glitches in the Federal Board of Revenue’s (FBR) online portal.
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FBR Directs Tax Offices to Ensure September Collection by 28th Due to Eid Milad-un-Nabi
Islamabad, September 21, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a directive to all tax offices, including Large Taxpayers Offices (LTOs), Medium Taxpayers Office (MTO), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs), to ensure the collection of taxes for September 2023 by the 28th of the month. This […]
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Citizens Risk Losing Electricity Connection for Failing to File Annual Tax Returns
Karachi, September 21, 2023 – Citizens in Pakistan may face disconnection of their electricity connection for failing to file their annual income tax return for the tax year 2023, according to sources within the Federal Board of Revenue (FBR).
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Major Reshuffle: FBR Announces Key Transfers and Postings of Senior Customs Officers
Islamabad, September 13, 2023 – The Federal Board of Revenue (FBR) has undertaken a significant reshuffle of senior Customs officers, with immediate effect, in a move aimed at optimizing the management of customs affairs in the country.
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