SRO 582 Expands Balance Sheet Requirement for Sales Tax Return Filing in Pakistan
In a move that significantly impacts businesses in Pakistan, the Federal Board of Revenue (FBR) issued SRO 582(I)/2024, tightening the […]
Sindh High Court Rules Firefighting Equipment Exempt from Import Taxes
In a decision impacting businesses that import firefighting equipment, the Sindh High Court (SHC) has ruled that such equipment qualifies […]
Advance Tax Rules for Small Businesses under Tajir Dost Scheme
Part II of S.R.O. 420(I)/2024 outlines the new framework for advance tax payments under the “Tajir Dost Scheme” for small […]
FBR Introduces SWAPS System for Withholding Agents
The Federal Board of Revenue (FBR) has implemented a new system called SWAPS (System for Web-based Automated Payment System) for […]
Lahore Chamber of Commerce Challenges New Sales Tax Rules in Pakistan
The Lahore Chamber of Commerce and Industry (LCCI) is contesting a recent amendment to the Sales Tax Rules, arguing it […]
New FBR Digital Invoicing Portal: Streamlined Licensing for IT Companies
The Federal Board of Revenue (FBR) has introduced a digital invoicing system and a dedicated online portal to manage it. […]
FBR Raises Sales Tax on Motor Vehicles to 25%
The Federal Board of Revenue (FBR) in Pakistan has increased sales tax on certain motor vehicles in an attempt to […]
FBR’s Active Taxpayer List Sees Significant Increase
Federal Board of Revenue (FBR) reported a surge in new active taxpayer registrations following the release of the Active Taxpayer […]
FBR Implements New Safeguards to Prevent Illegal Bank Attachments of Taxpayers
The Federal Board of Revenue (FBR) has issued new guidelines to Inland Revenue field formations to ensure fair and legal […]
FBR Cracks Down on Undocumented Transactions with Real-Time Data Sharing Mandate
The Federal Board of Revenue (FBR) has taken a bold step in tackling tax evasion by mandating real-time data sharing […]