KARACHI: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.
(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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Tax Laws Allow Arrest Taxpayers in Pakistan for Default
Tax laws in Pakistan have allowed authorities to arrest defaulting taxpayers. This power has is granted under the Income Tax Ordinance, of 2001.
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FBR plans to take measures for achieving revenue collection target
Federal Board of Revenue (FBR) is set to take all necessary measures to meet the revenue collection target for the fiscal year 2022-2023.
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FBR releases updated ATL, showing increase in active taxpayers to 3.55 million
On April 24, 2023, the Federal Board of Revenue (FBR) released the updated Active Taxpayers List (ATL) based on income tax returns filed up until that date.
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Tax Treatment of Foreign Source Income for Residents in Pakistan
Pakistan is a country that attracts a significant amount of foreign investment and remittance flows. As a result, there are many residents in Pakistan who have foreign-source income.
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Determining Property Tax in Pakistan: Understanding Fair Market Value
Property taxes are an important source of revenue for governments all over the world, and Pakistan is no exception.
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Policy requires duty and taxes on all mobile phones imported into Pakistan
Pakistan has recently implemented a new policy regarding the import of mobile phones into the country, official sources said recently.
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FTO orders release of illegally detained iPhone-14 and laptops by customs officials
The Federal Tax Ombudsman (FTO) has directed disciplinary proceedings against officials of Pakistasn Customs responsible for the illegal detention of iPhones and laptops.
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FBR increases steel products valuation for sales tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) has revised the valuation of steel products to facilitate increased sales tax collection on the supply of this crucial commodity.
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FBR shuffles senior customs officers in preparations of Eid-ul-Fitr
Federal Board of Revenue (FBR) on Wednesday shuffled a bunch of senior officers of Pakistan Customs Service (PCS) just ahead of Eid-ul-Fitr.
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