Islamabad, June 25, 2023: The National Assembly of Pakistan has given its approval to the budget for 2023-24, incorporating new recommendations for imposing significant taxes.
(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 Given 31% Higher Tax Collection Target for FY24
ISLAMABAD: The Federal Board of Revenue (FBR) has been tasked with a 31 percent higher tax collection target for the fiscal year 2023-24, surpassing the target set for the outgoing fiscal year.
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FBR Offices to Observe Normal Working Hours During Eid Holidays
Islamabad, June 24, 2023: The Federal Board of Revenue (FBR) in Pakistan has announced that the field offices of Inland Revenue will maintain normal working hours during the upcoming Eid holidays.
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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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FBR Intelligence Uncovers Massive Sales Tax Evasion by Battery Manufacturers
Karachi, June 24, 2023: The intelligence and investigation office of the Federal Board of Revenue (FBR) has uncovered a significant case of sales tax evasion by battery manufacturers.
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IR Intelligence Launches Extensive Crackdown Against Fashion Designers for Tax Evasion
Karachi, June 23, 2023 – The Directorate of Intelligence and Investigation (Inland Revenue) – I&I IR, Karachi has intensified its efforts to combat the issuance of fake and flying sales tax invoices by the fashion designers.
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IR Intelligence Uncovers Massive Sales Tax Evasion by Esteemed Company
Lahore, June 22, 2023: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has unearthed a staggering case of sales tax evasion worth billions of rupees by a highly regarded company.
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Federal Tax Ombudsman Directs FBR to Conduct Audit of Banks for Withholding Tax Compliance
Islamabad, June 22, 2023: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to regularly conduct audit of banks to check compliance with the withholding tax provisions.
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FBR Issues POS Invoices Worth Rs540 Billion, Takes Steps towards Digitalization
FBR emphasizes the importance of digitalization and seeks private sector collaboration
Islamabad, June 21, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday that it has issued approximately Rs540 billion worth of invoices through the Point of Sale (POS) system in the span of one year.
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Inland Revenue Officer Awarded Dismissal form Service for Misconduct
Islamabad, June 21, 2023: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue Officer (IRO) for inefficiency and misconduct.
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