FBR to Raise Property Rates and Revise Taxes Starting July 2024 In a recent announcement, the Federal Board of Revenue (FBR) in Pakistan, along with the government, has decided to increase property rates and revise taxes starting July 2024. This decision, approved by the World Bank under the "Pakistan Raises Revenues" loan scheme, aims to improve tax collection efforts across the country. Higher...
FBR Excludes The Tax Amnesty Regime For The Construction Sector ISLAMABAD: The Federal Revenue Board (FBR) has ruled out the possibility of a new tax amnesty plan for contractors to revive the construction industry, stating that the FBR cannot waive the collection of Rs. 200 billion a year. During the deliberations of the meeting of the Senate Standing Finance Committee, it was proposed to drastically...