Avoid Travel Bans and Bank Woes, File Your Returns!
Don’t get grounded or locked out! The Federal Board of Revenue (FBR) is cracking down on non-filers with serious consequences in 2024. Here’s what you need to know: File your […]
Latest Tax News
FATA Residents Stumble in Bid to Avoid Withholding Tax on Savings
Residents of the former Federally Administered Tribal Areas (FATA) face disappointment as their attempt to avoid withholding tax on National Savings Centre (NSC) certificates hits a snag.
Active Taxpayers Get Sweet Deals on New Cars Taxes
The Federal Board of Revenue (FBR) has shaken up the car market with significantly lower tax rates for individuals listed on the Active Taxpayers List (ATL) compared to those who […]
FBR Pilots Electronic Invoicing for Multinational FMCGs in Pakistan
Pakistan’s Federal Board of Revenue (FBR) is taking a significant step towards enhancing tax transparency and curbing evasion with the implementation of an electronic sales tax (e-ST) integration system for […]
Income Tax Rates for Tax Year 2024
FOR THE TAX YEAR – 2024 Tax Rates for Non-Salaried Individual / AOPs [Division I, Part I of the First Schedule] Upto Rs. 600,000 0% Rs. 600,000 to Rs. 800,000 […]
AJK Inland Revenue Offices Remain Open on Weekends
Muzaffarabad, Azad Jammu and Kashmir – The Chairman of the Azad Jammu and Kashmir Central Board of Revenue/Secretary Inland Revenue has directed that all Inland Revenue/Central Board of Revenue offices […]
Attention, Tier-I Retailers! New FBR Notification Sets Threshold for Additional Requirements
This news directly impacts Tier-I Retailers in Pakistan who have been juggling their sales tax responsibilities. On December 21st, 2023, the Federal Board of Revenue (FBR) issued a notification amending […]
FBR New Tax Rules for E-Intermediaries
Defining E-Intermediaries: FBR’s new Income Tax Rules for 2024 provide a clearer definition of “e-intermediaries,” crucial actors in the digital age. E-intermediaries are now defined as individuals with specific professional […]
FBR gears up for single telecom sales tax portal: Committee kicks off process
Federal Board of Revenue (FBR) has formed a committee to facilitate a single portal for filing telecom sales tax returns across all tax jurisdictions in Pakistan. Committee composition: Representatives from […]
What Businesses Need to Know About FBR’s New Data Sharing System (RADAR)
This move aims to document economic transactions and assess the true income and tax potential of individuals and businesses.