Karachi, December 13, 2023 – The Federal Board of Revenue (FBR) has issued updated rules for the collection of advance tax on the sale of air tickets during the tax year 2024.
(more…)Tag: Income Tax Rules 2002
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Mandatory Issuance of Tax Certificates for Withholding Agents
Karachi, December 12, 2023 – Issuance of tax collection certificates has been made mandatory for withholding agents during tax year 2024.
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Release of Tax Exemption Certificates to Non-Residents
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) has issued procedure for release of tax exemption certificates to non-residents during tax year 2024.
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FBR Grants Free Access to Officials for Tax Monitoring
Karachi, December 10, 2023 – Federal Board of Revenue (FBR) has empowered tax officials with free access for monitoring imported goods during tax year 2024.
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FBR Obtains Monthly Information of Bank Depositors
Karachi, December 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by acquiring monthly information on account holders with deposits in banks.
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FBR Notifies Mandatory Record-Keeping for Salaried Individuals
Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has announced the mandatory requirement of record keeping for salaried individuals as part of the updated Income Tax Rules, 2002 for the tax year 2024.
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FBR Issues Record Keeping Requirements for Business Income up to Rs 500,000
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) in Pakistan has notified updated record-keeping requirements for businesses with an annual turnover of up to Rs 500,000.
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Maintenance of Books of Accounts by Taxpayers in Pakistan During Tax Year 2024
Karachi, December 5, 2023 – The Federal Board of Revenue (FBR) in Pakistan has introduced crucial updates to the Income Tax Rules, 2002, stipulating mandatory maintenance of books of accounts, documents, and records for taxpayers during the tax year 2024.
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FBR Sheds Light on Fee for Technical Services in Tax Year 2024
Karachi, December 4, 2023 – The Federal Board of Revenue (FBR) has shed light on the fee for technical services during the tax year 2024, updating the Income Tax Rules, 2002.
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FBR Explains Tax Treatment of Foreign-Source Income of Residents in Tax Year 2024
Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has explained tax treatment of foreign-source income of residents during tax year 2024.
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