Karachi, February 28, 2025 – The Medium Tax Office (MTO) Karachi has taken decisive action against tax fraud by sealing an outlet of Oaks Pakistan for issuing fake sales tax invoices.
(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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KCCI to Discuss Issues Related to SRO 55 with FBR
Karachi, February 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged its members to actively participate in discussions regarding SRO 55 by submitting their recommendations.
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Capital Gain Tax Collection Surges 82% in 7MFY25
Karachi, February 27, 2025 – The collection of capital gain tax has witnessed an extraordinary surge of 82% during the first seven months (July – January) of the fiscal year 2024-25, according to provisional data from the Federal Board of Revenue (FBR).
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RTO-I Karachi Seals Medical Store in Clifton for POS Violation
Karachi, February 26, 2025 – In a decisive move against businesses failing to adhere to federal tax regulations, RTO-I Karachi has sealed a prominent medical store located in the upscale Clifton area.
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UBL Engages in Legal Tax Dispute with FBR
Karachi, February 26, 2025 – United Bank Limited (UBL) has disclosed an ongoing legal dispute with the Federal Board of Revenue (FBR) over tax-related matters.
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FBR Introduces Automated System for Unregistered Supplies
Karachi, February 25, 2025 – The Federal Board of Revenue (FBR) has taken a significant step towards improving tax compliance by developing an automated system for handling adjustments of unregistered supplies through credit notes.
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FBR Penalizes IRS BS-20 Officer, Stops Promotion for Two Years
Karachi, February 25, 2025 – The Federal Board of Revenue (FBR) has taken disciplinary action against a senior Inland Revenue Service (IRS) officer, imposing a penalty and halting his promotion for two years due to charges of misconduct and inefficiency.
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FTO Uncovers Rs 9.38 Billion Annual Electricity Tax Loss
Karachi, February 25, 2025 – The Federal Tax Ombudsman (FTO) has identified a staggering annual revenue loss of Rs 9.38 billion to the Federal Board of Revenue (FBR) due to discrepancies in the collection of electricity tax across the country.
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FBR Establishes Centralized Customs Examination Unit
Karachi, February 25, 2025 – The Federal Board of Revenue (FBR) has announced the establishment of a Centralized Customs Examination Unit (CEU) in Karachi to enhance the efficiency of customs operations, ensure transparency, and expedite the clearance of goods.
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FBR Collects Key Provincial Data to Expand Tax Base
Islamabad, February 23, 2025 – The Federal Board of Revenue (FBR) has collected crucial provincial data to broaden the tax base and identify high-net-worth individuals who may not be fully contributing to national revenue.
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