Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
(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.
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FBR Collects Rs 5.15 Trillion, Surpasses 7MFY24 Collection Target
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has exceeded expectations by collecting a staggering Rs 5.15 trillion in the first seven months (July – January) of the fiscal year 2023-24, surpassing the assigned target of Rs 5,115 billion.
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Tax Offices Extend Working Hours Till 8:00 PM on January 31
Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has announced the extension of working hours for tax offices, with doors remaining open until 8:00 PM on Wednesday, January 31, 2024.
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Federal Cabinet Approves Sweeping Restructuring of FBR
Islamabad, January 30, 2024 – The Federal Cabinet, in a meeting on Tuesday, gave the green light to a comprehensive restructuring of the Federal Board of Revenue (FBR).
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Customs Official Faces Major Penalty for Duty Absence
Karachi, January 29, 2024 – In a significant development, Anoos Robin, an Inspector Customs (BS-16) at the Collectorate of Customs Appraisement-East, Lahore, has been slapped with a major penalty of dismissal from service due to prolonged unauthorized absence from duty.
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Pakistan Achieves New Record of 5.6 Million Active Taxpayers
Karachi, January 29, 2024 – In a milestone for fiscal governance, official data released on Monday revealed that the number of active taxpayers in Pakistan has soared to a new high of 5.6 million, as per the updated weekly Active Taxpayers List (ATL) for tax year 2022.
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FBR and FMU Workshop on Combating Tax Evasion
Islamabad, January 29, 2024 – In a significant step towards strengthening the fight against tax evasion, the Federal Board of Revenue (FBR) and the Financial Monitoring Unit (FMU) joined forces to organize a two-day workshop on financial intelligence.
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Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
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Business Leaders Prefer Anti-Smuggling to Trade Restrictions
Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
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FBR Tightens Property Purchase Rules for Non-ATL Buyers
Karachi, January 26, 2024 – The Federal Board of Revenue (FBR) has implemented significant changes in the realm of property purchase, making it substantially more expensive for individuals not included in the Active Taxpayers List (ATL).
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