Islamabad, September 30, 2023 – Pakistan has exceeded its tax collection target for the first quarter of fiscal year 2023-24, with the Federal Board of Revenue (FBR) successfully collecting Rs 2.04 trillion during this period.
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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 Addresses Concerns on IRIS 2.0 Functionality, Responds to KTBA
Islamabad, September 30, 2023 – The Federal Board of Revenue (FBR) responded on Saturday to objections raised concerning the performance of the online return filing portal, IRIS 2.0, effectively dispelling doubts raised by the Karachi Tax Bar Association (KTBA).
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KTBA Sheds Light on Tax Return Challenges Amid Online Portal Woes
Karachi, September 30, 2023 – The Karachi Tax Bar Association (KTBA) has issued a formal statement addressing the significant challenges faced by taxpayers attempting to file their annual income tax returns due to multiple issues within the Federal Board of Revenue’s (FBR) online portal.
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Pakistan to Announce Important Tax Return Filing Extension on September 30
Islamabad, September 29, 2023 – Pakistan is gearing up for a significant announcement set to be made on Saturday, September 30, 2023, pertaining to the last date for tax return filing for the tax year 2023.
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FBR Makes Submission of Wealth Statement Mandatory for All Return Filers
Karachi, September 29, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in enhancing tax compliance by making the submission of a wealth statement mandatory for all income tax return filers.
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SBP Issues Special Instructions to Banks for Tax Collection on September 30
Karachi, September 28, 2023 – The State Bank of Pakistan (SBP) has issued important directives to commercial banks to ensure the smooth facilitation of tax collection on September 30, 2023.
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FBR Recovers Rs 3 Billion from State Life Insurance by Attaching Bank Accounts
Karachi, September 28, 2023 – In a significant development, the Federal Board of Revenue (FBR) successfully recovered a substantial amount of Rs 3 billion from the State Life Insurance Corporation of Pakistan by attaching its bank accounts.
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Pakistan Directs Citizens to Declare Foreign Income and Assets for Tax Year 2023
Karachi, September 28, 2023 – In a move aimed at enhancing transparency and compliance with tax regulations, Pakistan has issued a directive requiring its citizens to declare foreign income and assets as part of their annual tax return for the year 2023.
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FBR Issues Procedure for Income Tax Return Filing Date Extension
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) has released a detailed procedure for individuals and entities seeking an extension in the filing of income tax returns.
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FBR May Extend Return Filing Date for Tax Year 2023 Amidst Technical Challenges
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) is contemplating an extension of the deadline for filing income tax returns for the tax year 2023, following a surge in complaints from taxpayers grappling with technical difficulties in the online filing process.
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