Islamabad, September 21, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a directive to all tax offices, including Large Taxpayers Offices (LTOs), Medium Taxpayers Office (MTO), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs), to ensure the collection of taxes for September 2023 by the 28th of the month. This move is in consideration of the celebration of Eid Milad-un-Nabi, which falls on Friday, September 29, 2023.
(more…)Tag: tax collection
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FBR Surpasses August Collection Target Despite Challenges
Islamabad, August 31, 2023 – The Federal Board of Revenue (FBR) has defied the odds and delivered a commendable performance in achieving its revenue target for August 2023.
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Pakistan Customs Extends Working Hours for Duty and Tax Collection on Aug 31
Pakistan Customs is gearing up for an extended workday on August 31, 2023, to bolster the collection of duty and taxes.
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New Tax Measures Boost Revenue: FBR Surpasses July Collection Target
Islamabad, August 1, 2023 – The Federal Board of Revenue (FBR) has achieved remarkable success by surpassing the revenue collection target for July 2023, thanks to the implementation of new tax measures that came into effect at the beginning of the month.
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FBR’s Fiscal Fumble: Misses Rs 7.2 Trillion Tax Target for FY23
Karachi, July 28, 2023 – The Federal Board of Revenue (FBR) fell short of its fiscal year 2022-23 tax collection target, as revealed by the finance ministry in a monthly report for July 2023.
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FBR Apparently Achieves Rs7.2 Trillion Collection Target for FY23
Islamabad, July 8, 2023 – The Federal Board of Revenue (FBR) has reportedly achieved its revenue collection target of Rs7.2 trillion for the fiscal year 2022-23, according to sources.
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FBR Offices to Observe Normal Working Hours During Eid Holidays
Islamabad, June 24, 2023: The Federal Board of Revenue (FBR) in Pakistan has announced that the field offices of Inland Revenue will maintain normal working hours during the upcoming Eid holidays.
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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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SBP Directs Banks to Extend Sunday Operations for Convenient Tax Payment
The State Bank of Pakistan (SBP) has issued a directive to commercial banks, instructing them to extend their operating hours on Sunday, June 24, 2023. This move comes in response to a request from the Federal Board of Revenue (FBR) and is aimed at facilitating the payment of duties and taxes by taxpayers.
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FBR misses April target by big margin despite high rates of sales tax, FED
ISLAMABAD: Despite the increase in rates of sales tax and federal excise duty through a recent mini-budget, the Federal Board of Revenue (FBR) missed its tax collection target for April 2023 by over Rs100 billion.
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