Tax practitioners propose Excel uploads and other improvements as FBR reviews digital return system with stakeholders.
(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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FCC declares tax credit adjustment against super tax permissible
Constitutional court overturns Islamabad High Court ruling in Zong case, allowing eligible tax credits to be adjusted against super tax
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FBR hires advocates for service litigation across Pakistan
Tax authority invites lawyers to join specialised panel for service-related cases before courts and tribunals
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Income Tax Ordinance defines amalgamation for Tax Year 2027
FBR sets out eligible entities and conditions for corporate mergers to qualify as amalgamations under tax law
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Income Tax Ordinance defines accumulated profits for TY2027
FBR clarifies reserves, profits, income and gains included in accumulated profits for dividend taxation
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FBR updates tax rates for purchase of immovable property in TY2027
ATL buyers face a 1.25% withholding tax, while non-ATL rates rise to 18.5% for properties valued above Rs100 million
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FBR updates withholding tax rates on sale of immovable property in TY2027
FBR sets 2.75% withholding tax for ATL sellers and 11.5% for non-ATL taxpayers on property sales
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FBR issues withholding tax card for internet and telephone for TY2027
FBR sets 10% tax on qualifying telephone bills and 15% on internet, mobile and prepaid services for Tax Year 2027
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FBR imposes new penalties to ease port congestion
Importers and exporters face escalating fines for delays in customs clearance, cargo removal and export loading from October 1
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Pakistan, Hong Kong sign agreement for mutual administrative assistance in Customs
Arrangement will strengthen intelligence sharing, enforcement cooperation and security of international trade supply chains
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