Karachi, May 25, 2024 – The Large Taxpayers Office (LTO) Karachi has reported a significant fiscal milestone, collecting Rs 4 billion in withholding tax from foreign payments made through debit and credit cards.
(more…)Tag: LTO Karachi
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LTO Karachi Surpasses Rs 2 Trillion Amid Organizational Upheaval
KARACHI: Despite gloomy and uncertain organizational upheaval, the Large Taxpayers Office (LTO) Karachi has hit a new milestone by collecting over Rs 2 trillion in revenue for the fiscal year 2023-24, as of April 30, 2024.
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LTO Karachi Achieves Historic Rs 13 Billion Single Tax Recovery
Karachi, March 28, 2024 – In a historic milestone for the Federal Board of Revenue (FBR), the Large Taxpayers Office (LTO) Karachi made biggest-ever tax recovery, amounting to approximately Rs 13 billion, from a taxpayer for defaulting on advance tax payments.
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FLYING INVOICES: LTO Karachi Unearths Rs 5 Billion Tax Evasion
Karachi, March 26, 2024 – The Large Taxpayers Office (LTO) Karachi has uncovered a staggering sales tax evasion scheme, amounting to a loss of Rs 5 billion to the national treasury through the issuance of fake and flying invoices.
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LTO Karachi Records 112% Surge in February Direct Tax Collection
Karachi, March 12, 2024 – The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an unprecedented 112% year-on-year growth in the collection of direct taxes in February 2024.
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LTO Karachi Emerges as Top Performer in Tax Collection in 2023
Karachi, January 6, 2024 – In a remarkable achievement, the Large Taxpayers Office (LTO) Karachi has secured the top position in tax collection among the offices of the Federal Board of Revenue (FBR) in Pakistan.
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LTO Karachi Surpasses Rs 1 Trillion Milestone in Six Months
Karachi, January 3, 2024 – The Large Taxpayers Office (LTO) Karachi has etched its name in history by surpassing the Rs 1 trillion collection mark within a span of six months.
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LTO Karachi Posts 35% Growth in December Tax Collection
Karachi, January 2, 2024 – The Large Taxpayers Office (LTO) in Karachi, the foremost tax collection agency of the Federal Board of Revenue (FBR) in Pakistan, has achieved an outstanding 35 percent growth in revenue collection for the month of December 2023 compared to the same month the previous year.
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Tax Collection from Dividend Surges 32% in First Four Months of Fiscal Year 2023-24
Karachi, November 24, 2023 – The withholding tax collection from dividend income has experienced a remarkable increase of 32 percent during the initial four months (July – October) of the fiscal year 2023-24, according to provisional data from the Large Taxpayers Office (LTO) in Karachi.
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