In a move to bring clarity to the taxation landscape, the Federal Board of Revenue (FBR) has recently updated the Income Tax Rules for the tax year 2024, shedding light on the definition of e-intermediaries.
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR), apex tax agency of Pakistan, has made it mandatory for individuals involved in attesting or registering immovable property to furnish a monthly property transfer statement.
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has officially announced a meticulous valuation process for discovered hidden assets in Pakistan.
Karachi, December 22, 2023 – The Federal Board of Revenue (FBR) took a significant step on Friday by unveiling draft rules aimed at digitalizing tax deduction and collection processes through the introduction of SWAPS (Synchronized Withholding Administration and Payment System).
Karachi, December 22, 2023 – In a significant development, citizens planning to leave Pakistan permanently will now be required to obtain tax clearance certificates, according to the updated Income Tax Rules for the tax year 2024.
Karachi, December 21, 2023 – Tax officers across the country are now prohibited from entering dwelling houses to make arrests after sunset, according to the recently updated Income Tax Rules, 2002 for the tax year 2024.
Karachi, December 20, 2023 – A commissioner of the Federal Board of Revenue (FBR) is now empowered to issue arrest warrants for tax defaulters.
Karachi, December 19, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards refining the tax recovery process by issuing a comprehensive list of items exempted from confiscation.
Karachi, December 18, 2023 – In a significant development for tax practitioners, the Federal Board of Revenue (FBR) has unveiled the detailed procedure for the registration of income tax practitioners for the tax year 2024.