Karachi, January 25, 2024 – The Federal Board of Revenue (FBR) has officially released the advance tax rates on sales to retailers for the tax year 2024, as outlined in the updated Income Tax Ordinance, 2001.
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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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FBR Notifies Tax Rates on Sales to Distributors for 2024
Karachi, January 24, 2024 – The Federal Board of Revenue (FBR) has taken a significant step in its tax policy for the year 2024 by notifying advance tax rates on sales to distributors.
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Find Out Tax Rates for Marriage Gatherings in Pakistan for 2024
Karachi, January 23, 2024 – As the tax year 2024 kicks off, the Federal Board of Revenue (FBR) in Pakistan has unveiled the updated income tax rates applicable to functions and gatherings, specifically those organized in the context of marriage ceremonies.
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FBR Announces Record-Breaking 5.55 Million Active Taxpayers
Karachi, January 22, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached a new record high of 5.55 million.
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FBR Discovers Non-Filer Retailers in Door-to-Door Campaign
Karachi, January 20, 2024 – The Federal Board of Revenue (FBR) has unveiled plans to launch a door-to-door campaign targeting non-filer retailers.
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FBR Unveils Tax Rules on Insurance in Pakistan for 2024
Karachi, January 19, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently released the updated Income Tax Ordinance for the tax year 2024, shedding light on the tax rules applicable to the insurance industry.
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FBR Announces Depreciation Rates for Tax Year 2024
Karachi, January 18, 2024 – In a move aimed at facilitating businesses and promoting transparency, the Federal Board of Revenue (FBR) has officially notified the depreciation rates for the Tax Year 2024.
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LHC Directs FBR to Halt Forceful Tax Recovery
Islamabad, January 18, 2024 – The Lahore High Court (LHC) has issued a landmark directive to the Federal Board of Revenue (FBR), instructing them to caution taxation officers against forceful tax recovery measures that infringe upon the fundamental rights of taxpayers.
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FBR Dismisses Reports of IRS Officers’ Protest
Islamabad, January 17, 2024 – The Federal Board of Revenue (FBR) issued a statement on Wednesday refuting news reports circulating in certain media sections regarding a planned protest by IRS officers.
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FBR Specifies Death Penalty for Narcotics Smuggling
Karachi, January 17, 2024 – The Federal Board of Revenue (FBR) in Pakistan has updated the Customs Act, 1969, for the tax year 2024, specifying severe penalties, including the possibility of the death penalty, for those involved in smuggling of narcotics.
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