Taxpayers in Pakistan are facing difficulties revising their sales tax returns due to a technical issue with the Federal Board of Revenue’s (FBR) IRIS portal. This glitch prevents them from […]
Pakistan’s steel and ghee (cooking oil) industries are on the brink of collapse due to tax exemptions granted to businesses in the country’s newly merged districts (NMDs), formerly known as […]
The Federal Board of Revenue (FBR) of Pakistan is seeking over Rs. 200 million in income tax from streaming giant Netflix. This move comes amid increased scrutiny of offshore digital […]
A taxpayer in Pakistan has successfully challenged the Federal Board of Revenue’s (FBR) electronic system, known as IRIS, following glitches that impacted their tax refund and legal status. The Case: […]
The International Monetary Fund (IMF) is urging Pakistan to implement significant tax reforms and transparency measures in the upcoming budget for fiscal year 2024-25. These demands come as part of […]
The Pakistani government is considering a significant change to its tax structure in the upcoming budget for fiscal year 2024-25. The proposal aims to raise additional revenue by imposing a […]
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a significant change for the upcoming 2024-25 budget: raising the tax exemption threshold for salaried individuals. Current Tax Exemption Limit […]
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is making strong waves in the lead-up to the 2024-25 budget. A key area of contention involves Section 7E of […]
The Institute of Chartered Accountants of Pakistan (ICAP) has urged tax authorities to address hurdles faced by businesses regarding online transactions and business bank account management. Their proposals target streamlining […]
Pakistan’s business community, represented by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), is urging the government to reconsider recently implemented tax regulations that they believe are hindering […]