Quratul Ain

FBR Updates Sales Tax Return Formats, Introduces New Annexes

FBR amends Sales Tax Forms via SRO 578(I)/2025. Learn about the new Annex A, C & C1 formats for reporting sales tax purchases and sales.

A typewriter with a tax return document inserted.

FBR Further Extends Deadline for February Sales Tax Returns to April 13

The Federal Board of Revenue (FBR) has granted another extension for the submission of Sales Tax and Federal Excise returns […]

KPRA Revenue Surges 41% in First Nine Months of FY 2024-25

KPRA achieved Rs 37.37 billion revenue in the first 9 months of FY25, a 41% increase. Sales Tax on Services & IDC saw significant growth. Learn more.

No Major Tax Relief Expected in Budget 2025-26 for Salaried Class

No major tax relief likely for salaried individuals in Pakistan’s Budget 2025-26 despite increased tax contributions. High burden concerns remain.

A person reading a business newspaper with financial charts visible.

Pakistan Hires Professionals to Run New Tax Policy Office

Pakistan hires top professionals for its new Tax Policy Office, a crucial step towards separating policy from revenue collection as per IMF commitments.

A miniature house model with keys on a wooden table.

IMF Rejects FBR’s Plea for Property Tax Reduction

The International Monetary Fund (IMF) has delivered a significant setback to Pakistan’s fiscal strategies by rejecting the Federal Board of […]

A desk with sales invoices, documents, and a coffee cup.

FBR Extends Sales Tax and Federal Excise Return Deadline for February 2025

The Federal Board of Revenue (FBR) has announced an extension in the deadline for submitting Sales Tax and Federal Excise […]

A workspace with tax documents and a smartphone.

LTO Karachi Collects Rs 3.60B CVT on Vehicles, Foreign Assets

LTO Karachi collected Rs 3.60B CVT on vehicles & foreign assets in 8 months, a 17.23% rise. Learn about CVT rules, collection methods, & impact.

Good News for Government Teachers – Reduced Tax on Paper Checking Fees!

FBR announces reduced tax on paper checking fees for government teachers! Learn how this new directive treats this income as part of your salary for potential tax savings.