This passage explains the rules for registering for sales tax in Pakistan according to the Federal Board of Revenue (FBR). Here’s a breakdown of the key points: Threshold for Registration: […]
Flour mills across Pakistan are on the brink of an indefinite shutdown in protest against a new withholding tax included in the 2024-25 budget. The Pakistan Flour Mills Association (PFMA) […]
Islamabad, Pakistan – The Supreme Court of Pakistan has reserved judgment on a case involving the Federal Board of Revenue (FBR) and textile companies challenging the government’s decision to retrospectively remove […]
Government has set a challenging goal: collecting Rs13 trillion in tax revenue for the fiscal year starting July 1, 2024 (FY25). This ambitious target represents a significant increase – approximately […]
Islamabad, Pakistan: Health advocates have expressed deep concern over the government’s decision to retain the current cigarette tax rates in the federal budget (2024-25). They argue that this missed opportunity to […]
Pakistan’s tax authority, the Federal Board of Revenue (FBR), has taken a controversial step in its attempt to widen the country’s tax net. The FBR has blocked over 210,000 SIM […]
The Federal Board of Revenue (FBR) of Pakistan has implemented a new regulatory duty structure impacting 657 imported items, effective July 1, 2024. This move, outlined in SRO 928(I)/2024, replaces […]
The Federal Board of Revenue (FBR) has clarified that petrol pumps operated by Oil Marketing Companies (OMCs) are not subject to the recently introduced 2.5% advance tax on sales to […]
The Sindh Revenue Board (SRB) has implemented a new sales tax policy for hospitals in the province, effective July 1, 2024. This article explores the key details and implications of […]
The Karachi Tax Bar Association (KTBA) has identified a technical issue within the Federal Board of Revenue’s (FBR) IRIS portal that is hindering the filing of final sales tax returns. […]