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Record Complaints Resolved by Federal Tax Ombudsman in 2024

02-Jan-2025

The Federal Tax Ombudsman (FTO) efficiently addressed 12,941 taxpayer complaints against the Federal Board of Revenue (FBR) during 2024, out of a record-high 13,506 complaints received in this period....

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Record Complaints Resolved by Federal Tax Ombudsman in 2024

PM Shehbaz Acknowledges Revenue Gap, Stresses Urgent Need for Action

01-Jan-2025

During a cabinet meeting on Wednesday, the Prime Minister praised the performance of government officials but pointed out a significant �gap� between actual revenue collection and the targets set."Whi...

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PM Shehbaz Acknowledges Revenue Gap, Stresses Urgent Need for Action

Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

01-Jan-2025

Importers of cocoa powder have been denied the ability to claim exemptions under two separate notifications simultaneously. The issue arose when importers claimed customs duty exemption under SRO 1261...

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Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

Landmark ATIR Decision Calls for Accountability in FBR Operations

01-Jan-2025

Appellate Tribunal Inland Revenue (ATIR) has issued a significant ruling, directing the Federal Board of Revenue (FBR) chairman to treat a specific case as a test case. The tribunal has instructed the...

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Landmark ATIR Decision Calls for Accountability in FBR Operations

PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

01-Jan-2025

The Pakistan Association of Large Steel Producers (PALSP) has called on the government to revoke the unjust tax exemptions granted to industrial units in the former tribal areas, arguing these a...

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PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

31-Dec-2024

The Islamabad High Court (IHC) on Monday issued a detailed verdict regarding the deduction of Rs1.37 billion from the Pakistan Telecommunication Authority (PTA) bank account by the tax departmen...

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IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

Title: Punjab Government Extends Sales Tax on Services to Murree

31-Dec-2024

The Punjab government has expanded the sales tax on services to include district Murree. A notification has been issued to activate the Murree office, following the previous establishment of offices i...

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Title: Punjab Government Extends Sales Tax on Services to Murree

Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

31-Dec-2024

Pakistan has reversed its decision to impose a new tax on banks� income from government debt just days before a crucial deadline, following strong opposition from lenders.The proposed tax aimed to sti...

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Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

31-Dec-2024

President Asif Ali Zardari on Monday night issued the Income Tax (Amendment) Ordinance, 2024, introducing major changes to bank taxation by amending the First and Seventh Schedules of the Income Tax O...

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Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

30-Dec-2024

Pakistan�s economy saw significant progress in 2024. The country�s default risk dropped by 93%, the current account balance reached a 10-year high, and inflation fell to 4.9% in November�the lowest si...

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Pakistan�s Economy 2024: Gains for Some, Challenges for Many

Latest Updates

Record Complaints Resolved by Federal Tax Ombudsman in 2024

PM Shehbaz Acknowledges Revenue Gap, Stresses Urgent Need for Action

Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

Landmark ATIR Decision Calls for Accountability in FBR Operations

PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

Title: Punjab Government Extends Sales Tax on Services to Murree

Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

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