Karachi, August 17, 2023 – The Federal Board of Revenue (FBR), Pakistan’s foremost tax authority, has unveiled the distinct categories of income for taxation purposes during the fiscal year 2023-24.
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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 Announces Mandatory Tax Return Filing Categories for 2023
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by outlining the categories of individuals who are required to file their annual income tax returns for the tax year 2023.
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FBR Eases Rules for Property Sellers under Section 7E
Karachi, August 16, 2023 – The Federal Board of Revenue (FBR) has announced a relaxation in the conditions governing Section 7E of the Income Tax Ordinance, 2001, specifically aimed at sellers of immovable property.
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Pakistan Customs Officers Promoted to BS-20 and BS-21
Islamabad, August 10, 2023 – The Federal Board of Revenue (FBR) has announced the promotions of officers from the Pakistan Customs Service (PCS) to positions in BS-20 and BS-21.
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FBR Launches Transaction Recording for Aggressive Crackdown on Tax Evaders
Karachi, August 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in its pursuit of tax evaders by launching an information portal to record all transactions.
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FBR Takes Action: Customs Officer Suspended for 120 Days
Islamabad, August 8, 2023 – In a move aimed at upholding efficiency and discipline within the ranks of the Federal Board of Revenue (FBR), a customs officer holding the position of BS-17 has been suspended for a period of 120 days.
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FBR Implements Senior Customs Officers Transfers in BS-20 and BS-21
Islamabad, August 8, 2023 – The Federal Board of Revenue (FBR) has executed a series of transfers among senior officers of the Pakistan Customs Service (PCS) in BS-20 and BS-21 on Tuesday.
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Non-ATL Property Buyers to Face 250% Higher Income Tax in FY 2023-24
Karachi, August 8, 2023 – The non-ATL buyers of immoveable property will face 250 percent higher tax during fiscal year 2023-24, according to the Federal Board of Revenue (FBR).
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ATL Broadens to 4.32 Million
Pakistan’s Active Taxpayers List (ATL) has seen a significant increase, reaching 4.32 million, owing to measures that compelled non-compliant individuals and businesses to join the documentation system.
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FBR Chairman Rejects Tax Exemption for Realtors Amid IMF Stand-By Arrangement
Islamabad, August 7, 2023 – In a meeting with representatives from the real estate sector, Malik Amjed Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), firmly declined to grant any tax exemption to the realtors.
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