Quratul Ain

Firms Can Claim Tax on Destroyed Goods

Businesses can claim input tax adjustments on destroyed goods, ensuring compliance with the Sales Tax Act, 1990, and protecting their […]

PRA Enhances Tax Compliance & Modernization, Achieves Record Revenue

Punjab Revenue Authority collects Pak Rs. 22.21B in Jan 2025, marking 21% growth. Strong enforcement, digital systems & taxpayer engagement drive success.

FBR to Charge Extra Sales Tax for Non-ATL Electricity Consumers

FBR updates tax rules for non-ATL utility consumers, applying extra sales tax on electricity & gas bills above Pak Rs. 15,000 to boost tax compliance.

Good News for the Property Sector – Tax Relief and Updates on Late Filer Taxation

Discover major tax relief for the property sector, updates on late filer rules, and proposed reforms to simplify taxation and boost real estate activity.

FCAS-Based Customs Duty Collection Sees Significant Growth

The Southern Region of Customs Appraisement has demonstrated a remarkable improvement in revenue collection through the Faceless Customs Assessment System […]

IRIS Restricts Auto Revision of Sales Tax Return

KTBA highlights technical issues in the IRIS system, blocking timely sales tax return revisions, urging FBR to take immediate corrective action for compliance.