StormFiber, a leading internet and TV provider, has approached the Peshawar High Court challenging the 19.5% sales tax on internet-based TV services introduced by the KP Finance Act, 2025. The company argues the amendments unfairly target telecom providers offering integrated services, violating constitutional guarantees of equality and fairness.
FBR has issued SRO 2076(I)/2025, introducing a new one-time payment framework for ADRC chairpersons and members. Under the revised rules, the ADRC chairperson will receive Rs 500,000 for cases involving tax liabilities above Rs 50 million and Rs 300,000 for cases up to Rs 50 million, with proportional payments for committee members. The move aims to enhance efficiency and transparency in resolving high-stakes tax disputes.
Punjab Revenue Authority seizes sales records from restaurants and marquees across several cities over tax discrepancies and non-deposit of collected sales tax. Strict enforcement and penalties announced to ensure compliance with e-IMS.
Tax experts say the newly issued S.R.O. 2071(I)/2025 lacks clarity in prescribing thresholds for Tier-I retailers and contradicts the statutory twelve-month measurement period stipulated under the Sales Tax Act, 1990.
Islamabad: The Federal Board of Revenue (FBR) has introduced a new ATL challan payment option for taxpayers seeking inclusion in the Active Taxpayers List (ATL) for Tax Year 2025. However, […]
The Federal Board of Revenue has granted additional time to manual taxpayers to shift to digital filing, extending the return submission deadline to November 30. Special support cells have also been established across the country to offer free guidance and assistance during the transition to Pakistan’s fully online tax system.
The Federal Board of Revenue’s Lifestyle Monitoring Cell has referred a high-profile case involving a Lahore fintech CEO to tax authorities after uncovering a fleet of luxury cars worth Rs2.74 billion that were not declared in tax filings. The case is part of a broader crackdown on individuals showcasing lavish lifestyles while reporting minimal income.
The Punjab Revenue Authority has cautioned businesses that unjustified tax delays or non-payment will result in sealing of premises. The decision came during a meeting chaired by PRA Chairman Moazzam Iqbal Sipra, which also reviewed enforcement measures, sector-wise targets, and upgrades to real-time monitoring systems.
FBR has amended the Sales Tax Rules via SRO 2071(I)/2025 to require retailers with deductible withholding tax exceeding Rs100,000 or Rs500,000 under Sections 236G/236H to integrate their businesses with the FBR system. The step aims to enhance documentation, real-time sales reporting and compliance in the retail sector.
FBR has issued draft amendments to the Income Tax Rules, 2002, proposing mandatory online filing of income tax returns and withholding statements for individual taxpayers. Stakeholders have been invited to submit feedback within seven days of the official Gazette publication before the rules are finalized.