Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) has taken a significant step to ease tax burdens on small traders and shopkeepers by introducing a new ‘Tajir Dost Scheme,’ aiming to streamline tax procedures and promote compliance within this sector.
(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.
-
FBR Exempts Numerous Businesses from Mandatory Integration
Islamabad, March 22, 2024 – In a bid to promote ease of doing business and accommodate diverse sectors of the economy, the Federal Board of Revenue (FBR) introduced exemptions from mandatory online integration for certain businesses.
(more…) -
FBR Issues Fresh Procedure for Mobile Phone Registration
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) unveiled a new procedure for the registration of mobile phones, aiming to streamline the process and ensure compliance with regulatory standards.
(more…) -
Pakistan Tax Bar Raises Concerns Over SRO 350 of 2024
Karachi, March 22, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced reservations regarding the implications of SRO 350 of 2024, recently notified by the Federal Board of Revenue (FBR).
(more…) -
FBR Introduces SWAPS Rules for Digital Invoicing Enforcement
Islamabad, March 21, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency and combating evasion with the introduction of rules for the Synchronized Withholding Administration and Payment System (SWAPS).
(more…) -
FBR to Establish Quarterly Minimum Values for Steel Products
In a significant move aimed at enhancing transparency and efficiency in tax assessment, the Federal Board of Revenue (FBR) has announced its decision to establish minimum values for steel products on a quarterly basis.
(more…) -
FBR Promotes 37 IRS Officers to Higher Scale of BS-18
Islamabad, March 19, 2024 – In a significant development within the Federal Board of Revenue (FBR), 37 officers of the Inland Revenue Service (IRS) have been granted promotion to the higher scale of BS-18.
(more…) -
FBR Issues Instructions on Single Sales Tax Return Portal
Islamabad, March 19, 2024 – In a move aimed at enhancing tax procedures and fostering business efficiency, the Federal Board of Revenue (FBR) has issued instructions regarding the operation of the Single Sales Tax Return (SSTR) portal.
(more…) -
Updated ATL Expands to 3.67 Million Active Taxpayers
Karachi, March 18, 2024 – The Federal Board of Revenue (FBR) has announced that the Updated Active Taxpayers List (ATL) for tax year 2023 has expanded significantly, reaching 3.67 million active taxpayers, according to official data released on Monday.
(more…) -
FBR Partners with Karandaaz for Digitalizing Tax Administration
Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has embarked on a transformative journey to modernize Pakistan’s tax administration through a groundbreaking partnership with Karandaaz Pakistan.
(more…)