In an effort to generate additional revenue and bridge fiscal gaps, Pakistan has imposed a 25% sales tax on the import of mobile phones valued above $500 per piece, according to official sources.
(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 updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
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FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
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FBR transfers Qadir Memon as DG Post Clearance Audit
ISLAMABAD: Federal Board of Revenue (FBR) has transferred Abdul Qadir Memon, a senior official of Pakistan Customs Service (PCS) in BS-21 as Director General Post Clearance Audit.
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FBR updates Active Taxpayers List up to March 05, adds more return filers
ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued updated Active Taxpayers List (ATL) for tax year 2022 including the names of those taxpayers who filed their income tax returns up to March 05, 2023.
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FBR directs companies to provide details of beneficial owners by Dec 31
KARACHI: Federal Board of Revenue (FBR) has tightened laws pertaining to disclosure of beneficial owners by directing all companies and Association of Persons (AOPs) to provide details by December 31, 2023.
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FBR’s Inland Revenue office makes recovery despite stay order
ISLAMABAD: An office of Inland Revenue of the Federal Board of Revenue (FBR) has disrespected the legal order by making tax recovery from a bank account of a taxpayer despite a stay order was granted to avoid harsh measure.
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FBR removes taxpayers from ATL contesting deemed income in courts
ISLAMABAD: Federal Board of Revenue (FBR) has removed the names of taxpayers from Active Taxpayers List (ATL), who are contesting deemed income in various courts.
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FBR unveils new active taxpayers list for Tax Year 2022
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday, March 01, 2023 unveiled new Active Taxpayers List (ATL) for Tax Year 2022.
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FBR to squeeze taxpayers for generating Rs3.15 trillion in four months
ISLAMABAD: In pursuit of mammoth revenue target of Rs7.64 trillion, the Federal Board of Revenue (FBR) will squeeze taxpayers during four months (March – June) to generate Rs3.15 trillion.
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