Active Taxpayers Get Sweet Deals on New Cars Taxes
The Federal Board of Revenue (FBR) has shaken up the car market with significantly lower tax rates for individuals listed […]
FBR Pilots Electronic Invoicing for Multinational FMCGs in Pakistan
Pakistan’s Federal Board of Revenue (FBR) is taking a significant step towards enhancing tax transparency and curbing evasion with the […]
Attention, Tier-I Retailers! New FBR Notification Sets Threshold for Additional Requirements
This news directly impacts Tier-I Retailers in Pakistan who have been juggling their sales tax responsibilities. On December 21st, 2023, […]
What Businesses Need to Know About FBR’s New Data Sharing System (RADAR)
This move aims to document economic transactions and assess the true income and tax potential of individuals and businesses.
FBR Expands Net with New District Offices Across Pakistan
This ambitious initiative aims to bring 1.5 to 2 million new taxpayers into the net by June 2024, significantly broadening the tax base.
FBR New Upgrade of IRIS into IRIS 2.0
IRIS and IRIS 2.0 Iris is a tax filing system developed by Pakistan Revenue Automation Limited (PRAL) for the Federal […]
Advance Tax on Buying Property in Pakistan
Purchasing property in Pakistan involves various legal and financial considerations, including advance tax on the transaction. This article focuses on […]
Demystifying Capital Gains Tax in Pakistan for 2024
Understanding capital gains tax is crucial for any investor in Pakistan. This article explores the tax rates applicable in 2024 […]
Rental Income Tax Rates 2023-24
Owning rental property in Pakistan can be a source of steady income, but it’s important to understand the tax implications.
Attention Taxpayers: Fix Your Invalid Income Tax Return Now!
This message serves as a crucial reminder for anyone who received a Notice 120(3) regarding their Income Tax Return (ITR). […]