Islamabad, Pakistan: The Federal Board of Revenue (FBR) has issued a Statutory Regulatory Order (SRO) to update the criteria for achieving Active Taxpayer List (ATL) status. Previously, taxpayers were required to […]
Islamabad, Pakistan: The Federal Board of Revenue (FBR) has waived the affidavit requirement for sales tax returns filed in October 2024 for the tax period September 2024. The decision comes in […]
Islamabad, Pakistan: The Federal Board of Revenue (FBR) has created seven new enforcement directorates across Pakistan as part of its transformation plan. The new directorates will have expanded powers and jurisdictions, […]
The Active Taxpayers List (ATL) is a crucial register maintained by the Federal Board of Revenue (FBR) in Pakistan. It contains the names of individuals and entities that are deemed […]
Karachi, Pakistan: The State Bank of Pakistan (SBP) has released a report highlighting the alarming state of Pakistan’s tax efficiency, particularly in terms of the C-Efficiency Ratio (CER) and the effective […]
Karachi, Pakistan: The Federal Board of Revenue (FBR) has launched a crackdown on e-intermediaries involved in widespread sales tax fraud. The FBR has identified numerous cases where e-intermediaries have manipulated sales […]
Lahore, Pakistan: The Federal Tax Ombudsman (FTO) has received praise from the Lahore Chamber of Commerce and Industry (LCCI) for its efforts in resolving taxpayer complaints. The LCCI highlighted the FTO’s […]
Lahore, Pakistan: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman has called for a fairer tax structure for the retail sector in Pakistan. He noted that tier-1 retailers bear a disproportionate tax burden […]
Islamabad, Pakistan: The Federal Board of Revenue (FBR) has extended the deadline for taxpayers to submit an affidavit with their Sales Tax Returns. The FBR introduced the affidavit requirement to sensitize […]
Karachi, Pakistan: The Karachi Chamber of Commerce and Industry (KCCI) and the Pakistan Textile Exporters Association (PTEA) have urged the Federal Board of Revenue (FBR) to defer the requirement for taxpayers […]