ISLAMABAD: Pakistan Customs has launched a mobile application namely ‘Pass Track’ for online currency declaration for incoming and outgoing foreign passengers from / to the country.
(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 withdrawal from banking transactions causes loss of over Rs31 billion to FBR
ISLAMABAD: Withdrawal of tax on banking transactions has caused a loss of over Rs31 billion to the Federal Board of Revenue (FBR).
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FBR notifies rules to share information of civil servants with banks
ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to share information of civil servants with commercial banks in Pakistan.
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FBR needs Rs3.51 trillion during five months to achieve tax target
ISLAMABAD: Federal Board of Revenue (FBR) has required to collect Rs3.51 trillion during next five months (February – June) of this year in order to achieve fiscal year 2022-2023 collection target.
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FBR rejects TV board declaration by Changhong Ruba
KARACHI: The Federal Board of Revenue (FBR) has turned down the declaration submitted by M/s. Changhong Ruba Electric Company (Pvt) Limited for the clearance of TV boards.
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FBR shares asset declaration of civil servants with banks
ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to share information of asset declarations of civil servants with commercial banks.
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FBR exempts duty and taxes on imports for flood relief
In a move aimed at facilitating and expediting flood relief efforts, the Federal Board of Revenue (FBR) announced on Wednesday that it would be waiving customs duty, excise duty, and taxes on consignments related to flood relief activities for the next three months.
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Tax notice placement on IRIS is not valid service: FTO
In a case, the Federal Tax Ombudsman (FTO) has observed that mere placement of notice on the IRIS does not constitute a valid service.
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RTO Rawalpindi confiscates NDP cigarettes worth millions of rupees
ISLAMABAD: The Regional Tax Office (RTO) Rawalpindi, in a proactive move, has confiscated non-duty paid cigarettes valued at millions of rupees in two separate raids.
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FBR collects over Rs81 billion from sale, purchase of property transactions during TY22
ISLAMABAD: Federal Board of Revenue (FBR) has collected over Rs81 billion from sale and purchase of property transactions during tax year 2022, official documents revealed.
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