Karachi, December 24, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax agency, is gearing up to suspend bank accounts of individuals who have failed to file their income tax returns, as per an official statement released today.
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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 Unveils Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently released a detailed procedure for making zero-rated supplies to duty-free shops, aiming to streamline and regulate transactions in this sector.
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FBR Obtains Details of Car Buyers on Monthly Basis
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
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Pakistan Opens Customs Clearance on Last Two Days of 2023
Karachi, December 23, 2023 – Pakistan has decided to keep its customs clearance open on the last two weekly holidays of the year 2023.
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FBR Unveils Valuation Process for Hidden Assets in Pakistan
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has officially announced a meticulous valuation process for discovered hidden assets in Pakistan.
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FBR Procedure for Sales Tax Collection on Used Vehicles
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has introduced a straightforward procedure for the collection of sales tax on the sale of used vehicles for the tax year 2024.
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FBR Introduces Rules for Digitalizing Tax Deduction with SWAPS
Karachi, December 22, 2023 – The Federal Board of Revenue (FBR) took a significant step on Friday by unveiling draft rules aimed at digitalizing tax deduction and collection processes through the introduction of SWAPS (Synchronized Withholding Administration and Payment System).
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Obtain Tax Clearance Certificate Before Leaving Permanently
Karachi, December 22, 2023 – In a significant development, citizens planning to leave Pakistan permanently will now be required to obtain tax clearance certificates, according to the updated Income Tax Rules for the tax year 2024.
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Committee Formed for Single Sales Tax Return Filing in Pakistan
Karachi, December 21, 2023 – A significant step towards tax reforms has been taken in Pakistan as a committee has been set up for the implementation of a Single Sales Tax Return through a unified portal.
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Iranian Envoy Seeks FBR Collaboration to Streamline Barter Trade
Islamabad, December 21, 2023 – The Iranian envoy to Pakistan, Dr. Reza Amiri Moghaddam, urged the Federal Board of Revenue (FBR) on Thursday to facilitate a smoother flow of barter trade between the two neighboring nations.
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