Federal Board of Revene Archives - Page 2 of 2

FBR Launches Mega Operation Against Sugar Mills to Examine Stock Position

September 2, 2023January 16, 2024Shahnawaz Akhter

In response to the ongoing sugar crisis in Pakistan, the Federal Board of Revenue (FBR) has initiated a comprehensive operation targeting sugar mills across the country.

FBR Chairman to Address Taxation Concerns on Electricity Bills in Meeting with Karachi Traders

August 31, 2023August 31, 2023Shahnawaz Akhter

Karachi, August 30, 2023 – In an effort to alleviate mounting tensions sparked by exorbitant electricity bills, Malik Amjaz Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), is set to convene a pivotal meeting with traders in Karachi on September 1, 2023, according to official sources.

FBR Updates Depreciation Rates Under Income Tax Ordinance for Tax Year 2023-24

August 28, 2023August 28, 2023Shahnawaz Akhter

Islamabad, August 28, 2023 – In a move aimed at providing clarity and consistency in tax calculations for businesses across Pakistan, the Federal Board of Revenue (FBR) has announced updated depreciation rates under the Income Tax Ordinance, 2001, for the tax year 2023-24.

FBR Surprises Key IRS Officers with Reshuffle on Sunday

August 27, 2023August 27, 2023Shahnawaz Akhter

Karachi, August 27, 2023 – In a surprising move, the Federal Board of Revenue (FBR) announced a major reshuffle of officers within the Inland Revenue Service (IRS) on Sunday, August 27, 2023.

Understanding Income from Property and Taxation in Pakistan

August 23, 2023August 23, 2023Hamza Shahnawaz

Karachi, August 23, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently issued an updated version of the Income Tax Ordinance, 2001, shedding light on how to determine income from property in the country.

FBR Notifies Rules to Fully Implement Pakistan Single Window

August 22, 2023August 22, 2023Shahnawaz Akhter

Islamabad, August 22, 2023 – In a significant move towards streamlining trade processes and enhancing compliance, the Federal Board of Revenue (FBR) has issued a notification to enforce the Pakistan Single Window (PSW) system for all government agencies.

Pakistan Issues Income Tax Rates for Foreign Shipping and Air Transport

August 19, 2023August 19, 2023Shahnawaz Akhter

Karachi, August 19, 2023 – Pakistan has officially released the income tax rates applicable to foreign shipping and air transport for the tax year 2023-24, which commenced on July 1, 2023.

Big Jump: 4.38 Million Pakistani Citizens Join Active Taxpayers List

August 15, 2023August 15, 2023Shahnawaz Akhter

Islamabad, August 15, 2023 – In Pakistan, there has been a substantial surge in enrollment in the Active Taxpayers List (ATL), with the number of participants reaching 4.38 million.

FBR Keeps an Eye on Cash Withdrawals from Banks to Expand Tax Base

August 15, 2023May 13, 2026Shahnawaz Akhter

Karachi, August 15, 2023 – The Federal Board of Revenue (FBR) has begun monitoring citizens who are withdrawing large amounts of cash from banks, as part of efforts to increase the number of taxpayers in the country.

FBR issues SROs for reducing rate of duty, taxes

April 7, 2020April 8, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has issued concessionary Statutory Regulator Orders (SROs) for reduction in duty and tax rate for import of pulses and edible oil/seeds. The FBR issued two different SROs i.e. SRO 287(I)/2020 and SRO 288(I)/2020 to allow concession of duty and taxes on domestic supply and import of goods. Through […]

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