Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has undertaken a significant restructuring by transferring 44 senior officers of the Inland Revenue Service (IRS) in a major reshuffle announced on Friday.
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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.
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KTBA Urges FBR Clarity on Beneficial Owner Record Form
Karachi, March 14, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over the ambiguity surrounding the submission of forms related to the record of beneficial owners, urging the Federal Board of Revenue (FBR) to provide clarity on the matter.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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FTO Asks FBR to Clarify Provident Fund Registration
Karachi, March 12, 2024 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a clarification on the registration process for provident funds by employers.
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Procedure to Amend Personal Information for Tax Filing
Karachi, March 10, 2024 – In a bid to enhance user convenience and streamline the tax filing process, the Federal Board of Revenue (FBR) has introduced a user-friendly procedure for amending personal information for the upcoming tax year of 2024.
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FBR Chairman Optimistic about Meeting Revenue Collection Target
Islamabad, March 10, 2024 – Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), has expressed his confidence in achieving the revenue collection target for the fiscal year 2023-24.
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FBR Issues SRO to Implement 25% Sales Tax on Motor Vehicles
Islamabad, March 8, 2024 – In a move to generate revenue and discourage the use of non-essential and luxury items, the Federal Board of Revenue (FBR) in Pakistan has notified a 25 percent sales tax on motor vehicles.
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FBR Directs Swift Action on Deferred Sales Tax Refund Claims
Karachi, March 7, 2024 – The Federal Board of Revenue (FBR) has issued crucial instructions to tax offices regarding the expeditious handling of deferred sales tax refund claims.
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PM Shehbaz Directs Resolution for Rs 1.7 Trillion Tax Recovery
Islamabad, March 6, 2024 – Prime Minister Shehbaz Sharif, in a high-level meeting on the restructuring of the Federal Board of Revenue (FBR), directed authorities to expedite the resolution of legal disputes obstructing the recovery of Rs 1.7 trillion in stuck-up taxes.
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PM Shehbaz Orders Complete Digitization of Taxation System
Islamabad, March 5, 2024 – Prime Minister Muhammad Shehbaz Sharif has issued a directive for the immediate digitization of the country’s taxation system, aiming to enhance transparency, boost tax collection, and eradicate issues such as tax evasion, corruption, and smuggling.
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