Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) announced on Thursday that it will initiate a nationwide awareness campaign to promote tax compliance before introducing strict penalties for tax evaders. The campaign is part of the government’s broader efforts to improve Pakistan’s tax compliance culture and ensure that all eligible taxpayers fulfill their legal obligations.
(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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Taxation of Geographical Sources of Income in Pakistan
Karachi, September 26, 2024 — The Federal Board of Revenue (FBR) has released comprehensive guidelines regarding the taxation of income based on its geographical source within Pakistan for the 2024-25 tax year.
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FBR Set to Implement Amended Rules for ATL Appearance
Karachi, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement amended rules governing the inclusion of individuals and entities in the Active Taxpayers List (ATL). These amendments, which are now finalized, are expected to be formally introduced soon.
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FBR Tightens Grip on Non-Filers with New Enforcement Actions
Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement strict enforcement actions against non-filers of income tax returns, following the approval of the prime minister.
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FBR Sends SMS Alerts to Taxpayers, Enforcing Return Filing Obligations
Karachi, September 25, 2024 — The Federal Board of Revenue (FBR) has ramped up its efforts to ensure taxpayer compliance by sending out SMS reminders to registered mobile numbers, urging citizens to submit their annual income tax returns by the September 30, 2024, deadline.
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Tax Advisors Call for November 30 Extension for Return Filing
Islamabad, September 2024 — The Pakistan Tax Advisors Association (PTAA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns and wealth statements for the tax year 2024 from September 30 to November 30.
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FBR Issues Updated Tax Guidelines for Non-Filers and Late Filers
Karachi, September 25, 2024 – The Federal Board of Revenue (FBR) has issued updated guidelines for individuals and entities who have either failed to file their annual income tax returns or submitted them after the due date.
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FBR Plans Stricter Curbs on Non-Filers in Upcoming Money Bill
ISLAMABAD, September 25, 2024 — The Federal Board of Revenue (FBR) is preparing to introduce stricter curbs on non-filers of tax returns, aiming to prevent them from engaging in various financial and commercial transactions.
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FBR Introduces New Refund System for Exporters from Oct 1
ISLAMABAD: September 26, 2024 — To boost the export industry, the Federal Board of Revenue (FBR) has officially introduced a new, fast-tracked sales tax refund system for exporters, effective from October 1, 2024.
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FBR, Iranian Ambassador Discuss Measures to Boost Trade
Islamabad, September 24, 2024 – In a significant move to enhance trade relations between Pakistan and Iran, the Ambassador of Iran to Pakistan, H.E. Dr. Reza Amiri Moghaddam, met with Chairman Federal Board of Revenue (FBR), Rashid Mahmood Langrial, at the FBR headquarters Tuesday.
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