Federal Tax Ombudsman (FTO), Dr. Asif Mahmood Jah, convened a significant meeting with Member Inland Revenue (Operations) of the Federal Board of Revenue (FBR), Mir Badshah Khan Wazir, and his team to deliberate on issues concerning taxpayers.
(more…)Tag: Federal Board of Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
-
Tajir Dost Scheme – A Potential Missed Opportunity?
The recent unveiling of the Tajir Dost Scheme (TDS) by the Federal Board of Revenue (FBR) has sparked discussions and debates across Pakistan.
(more…) -
FBR Removes Balance Sheet Requirement for Tax Return Filing
In a move aimed at reducing administrative burdens and facilitating compliant taxpayers, the Federal Board of Revenue (FBR) has eliminated the requirement of submitting balance sheets detailing assets and liabilities alongside monthly sales tax returns for those already enlisted with the sales tax department.
(more…) -
All You Need to Know About Filing Tax Appeals with FBR
Any person dissatisfied with any order passed by a Commissioner of Inland Revenue has the right of appeal before the Federal Board of Revenue (FBR).
(more…) -
KTBA Criticizes FBR’s Half-hearted Documentation Efforts
In a seminar held on April 18, 2024, the Karachi Tax Bar Association (KTBA) voiced its concerns over what it perceives as half-hearted efforts by the Federal Board of Revenue (FBR) towards the documentation of the economy.
(more…) -
FBR Raises CNG Value by 48% for Sales Tax Charging
The Federal Board of Revenue (FBR) Thursday announced a significant increase in the value of Compressed Natural Gas (CNG) by 48 percent for the purpose of charging sales tax.
(more…) -
New Provisions Disrupt Sales Tax Return Filing
Karachi, April 18, 2024 – The implementation of new provisions in the sales tax laws by the Federal Board of Revenue (FBR) has significantly disrupted the process of return filing for the month of March 2024.
(more…) -
How to Pay FBR Surcharge Online for ATL Inclusion
The Federal Board of Revenue (FBR) has introduced a streamlined process to assist taxpayers in fulfilling their obligations and securing a spot on the coveted Active Taxpayers List (ATL).
(more…) -
ATL Surges to 3.93 Million Amidst Crackdown Fear
Islamabad, April 16, 2024 – In a recent update from the Federal Board of Revenue (FBR), the active taxpayers list (ATL) has seen a substantial surge, reaching a notable 3.93 million individuals.
(more…) -
FBR Implements Rules for International Oil Suppliers
Karachi, April 15, 2024 – The Federal Board of Revenue (FBR) has taken significant steps towards streamlining the operations of international oil suppliers in Pakistan by implementing rules under the Customs Bonded Facilities Rules, 2024.
(more…)