FBR Uncovers Massive Tax Refund Fraud
Massive Tax Refund Scam Detected The Federal Board of Revenue (FBR) has made a significant discovery in its ongoing fight against tax evasion. In a high-level meeting chaired by Prime […]
Latest Tax News
Breaking Down SRO 350: Sales Tax Registration & Filing for Small Businesses in Pakistan
FBR Clarifies Controversial Sales Tax Regulation (SRO 350): Addressing Taxpayer Concerns The Federal Board of Revenue (FBR) has issued a new Statutory Regulatory Order (SRO) 350(I)/2024, which introduces changes to […]
Sales Tax Relief Extended for Ex-FATA Regions
The Finance Act (FA) 2024 brings welcome news for businesses and residents in the former Federally Administered Tribal Areas (FATA) regions of Pakistan. The Act extends existing sales tax exemptions, […]
Finance Act Requires Disclosures of Foreign Assets in Wealth Statement
Pakistan’s tax landscape has seen a significant update with the Finance Act 2024. This article delves into wealth statement disclosures, highlighting the newly incorporated requirement to disclose foreign assets and […]
FBR POS Integration for Big Retailers Reach to 8,949
The Federal Board of Revenue’s (FBR) efforts to integrate Point of Sales (POS) systems for Tier-I retailers in Pakistan have yielded conflicting reports on the number of successfully integrated businesses. […]
Lahore Chamber Raises Concerns Over Sales Tax Changes Affecting Education Materials
Lahore, Pakistan: A delegation of traders led by Khalid Pervez met with the President of the Lahore Chamber of Commerce and Industry (LCCI), Kashif Anwar, to express their concerns about the […]
Traders Protest New Sales Tax on Educational Supplies
Lahore stationery businesses are up in arms against the recent changes to the sales tax system implemented in the Finance Act 2024. A delegation led by Khalid Pervez met with […]
Final Tax Regime Remains for Service Exporters
Federal Board of Revenue (FBR) has confirmed that the final tax regime will continue to apply to service exports in the country. This comes as a relief for exporters, especially […]
Chemists Association Calls for Withdrawal of GST
The Pakistan Chemists and Druggists Association (PCDA) has strongly condemned the imposition of an 18% general sales tax (GST) on alternative medicines, demanding its immediate withdrawal. Impact on Affordability and […]
FBR Notifies BS-21 Officers for Asset Declarations
The Federal Board of Revenue (FBR) has issued a critical directive to all BS-21 officers (Inland Revenue Service & Pakistan Customs Service) vying for promotion to BS-22. These officers must […]