Pakistan’s Federal Board of Revenue (FBR) is intensifying its fight against illicit goods, particularly counterfeit cigarettes. This crackdown comes amidst concerns about the prevalence of untaxed cigarettes, which reportedly capture […]
Taxpayers, a recent update addresses the confusion surrounding balance sheet approval! Here’s a breakdown of the situation: SRO 528: This recent SRO eliminates the earlier 30-day deadline for submitting a […]
In a move that significantly impacts businesses in Pakistan, the Federal Board of Revenue (FBR) issued SRO 582(I)/2024, tightening the noose on tax filing procedures. This new regulation builds upon […]
Taxpayers Face Hurdles After SRO 350 Implementation The Federal Board of Revenue’s (FBR) recent amendments to the Sales Tax Rules, introduced through SRO 350, aim to address the issue of […]
The Federal Board of Revenue (FBR) of Pakistan has introduced a new feature in the IRIS portal to improve efficiency in sales tax return filing. This update addresses a common […]
Update: The Punjab Revenue Authority (PRA) has extended the deadline for filing Sales Tax Returns and paying Punjab Sales Tax for the month of March, 2024. New Due Date: April […]
Understanding capital gains tax is crucial for any investor in Pakistan. This article explores the tax rates applicable in 2024 for capital gains on disposal of securities and immovable property. […]
In a decision impacting businesses that import firefighting equipment, the Sindh High Court (SHC) has ruled that such equipment qualifies for exemption from customs duties and sales tax at the […]
Owning a vehicle in Pakistan comes with the responsibility of paying taxes. This guide demystifies the tax structure for different vehicle categories in 2024: Goods Transport Vehicles: Tax is levied […]
Understanding your tax obligations is crucial for responsible financial planning. This article provides a clear breakdown of tax rates for individual taxpayers in Pakistan for the tax year 2024. We’ll […]