The Pakistan Information Commission (PIC) has directed the Federal Board of Revenue (FBR) to disclose detailed information regarding tax evasion investigations involving prominent enterprises.
(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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Bakhtiar Muhammad Appointed as Official Spokesperson for FBR
Islamabad, May 16, 2024 – The Federal Board of Revenue (FBR) on Thursday announced the appointment of Bakhtiar Muhammad, a senior BS-21 officer of the Inland Revenue Service, as its official spokesperson, effective immediately.
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SBP Raises Red Flag on FBR’s Impressive Collection Growth
Karachi, May 14, 2024 – The State Bank of Pakistan (SBP) has cast doubt on the celebrated revenue collection growth reported by the Federal Board of Revenue (FBR), especially at a time of soaring inflation and steep rupee depreciation.
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Telecom Operators Launch Daily SIM Blocking for Non-Filers
In a bid to bolster tax compliance and enforcement measures, telecom operators in Pakistan have initiated the daily blocking of SIM cards belonging to non-filers of income tax returns.
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FBR Acknowledges Traders Enrolled in Tajir Dost Scheme
Islamabad, May 13, 2024 – The Federal Board of Revenue (FBR) on Monday honored the first batch of traders registered under the Tajir Dost Scheme.
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ATL Expands to 4.22 Million Amid SIM Blocking Fears
Karachi, May 13, 2024 – The Active Taxpayers List (ATL) has surged to 4.22 million individuals as the looming threat of SIM card blocking for non-compliance compelled previously non-compliant citizens to make tax filings, sources disclosed on Monday.
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Pakistan Considers Ending Tax Exemptions on Imports
Pakistan is contemplating significant changes to its tax policies, with plans to withdraw tax exemptions on imports in the upcoming budget for the fiscal year 2024-25.
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Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
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Aurangzeb Directs FBR to Intensify Detection of Sales Tax Fraud
Islamabad, May 10, 2024 – In a move to clamp down on rampant sales tax fraud and the circulation of fake invoices, Finance Minister Muhammad Aurangzeb instructed the Federal Board of Revenue (FBR) to intensify their detection and investigatory efforts.
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FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
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