Karachi, October 20, 2023 – In a significant development, a female customs officer, Ms. Bushra Aafrin, has been handed a major penalty of dismissal from service by the Federal Board of Revenue (FBR) due to her unauthorized absence from duty.
(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 and NADRA Discuss Information Sharing of Taxpayers
Islamabad, October 20, 2023 – The Federal Board of Revenue (FBR) and the National Database Registration Authority (NADRA) have engaged in discussions regarding the sharing of information related to taxpayers.
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FBR Facilitates Submission of Sales Tax Refund Claims of Multi Tax Periods
Islamabad, October 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ease the process of claiming sales tax refunds for multiple tax periods.
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Pakistan Achieves Record High with 4.88 Million Active Taxpayers
Islamabad, October 17, 2023 – Pakistan has reached a historic milestone with a total of 4.88 million active taxpayers now featured on the updated list of income tax return filers released by the Federal Board of Revenue (FBR).
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FBR Sets New Deadline for Tax Year 2023 Return Filing
Karachi, October 16, 2023 – The Federal Board of Revenue (FBR) has announced a new deadline for filing income tax returns for the tax year 2023.
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FTO Directs FBR to Assess Real Values of Immovable Properties in Posh Areas
Islamabad, October 13, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) aimed at rectifying valuation deficiencies and inconsistencies in the assessment of immovable properties, particularly in affluent areas.
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KTBA Deems New Sales Tax Credit Note Conditions Impractical and Urges Reversal
Karachi, October 11, 2023 – The Karachi Tax Bar Association (KTBA) has raised concerns over the recent changes to the conditions for raising credit notes for sales tax returns, labeling them as impractical due to various legal loopholes.
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FBR Notifies Transfers and Postings of 33 Senior IRS Officers in Major Administrative Overhaul
The Federal Board of Revenue (FBR) has announced a substantial administrative overhaul involving the transfers and postings of 33 senior officers from the Inland Revenue Service (IRS) in grades BS-19 to BS-21.
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Pakistan’s Active Taxpayers List Reaches New Record of 4.83 Million Return Filers
Islamabad, October 9, 2023: The Federal Board of Revenue (FBR) on Monday announced that Pakistan’s Active Taxpayers List (ATL) has reached a new historic high of 4.83 million return filers for tax year 2022.
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FBR Updates Super Tax Rates for High-Earning Individuals
Karachi, October 9, 2023 – The Federal Board of Revenue (FBR) has introduced updated super tax rates for high-earning individuals for the tax year 2024.
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