The Lahore Chamber of Commerce and Industry (LCCI) is contesting a recent amendment to the Sales Tax Rules, arguing it unfairly burdens compliant businesses. SRO 350(I)/2024: This Statutory Regulatory Order […]
The Federal Board of Revenue (FBR) website recently introduced updates related to the concept of a single cell tax return portal. This article explores these updates and the potential timeline […]
Federal Board of Revenue (FBR) recently introduced a new measure to combat fake invoices used for tax evasion. This article explains the system and its implications for businesses. The Problem: […]
The Federal Board of Revenue (FBR) has introduced a digital invoicing system and a dedicated online portal to manage it. This article explains the purpose of the portal and who […]
The Federal Board of Revenue (FBR) has introduced a new rule for businesses registered for sales tax. This article explains the rule and its implications. Rule: If your monthly sales […]
Pakistan’s Islamabad High Court (IHC) has ruled Section 7E of the Income Tax Ordinance, 2022, unconstitutional. This section, introduced through the Finance Act, 2022, aimed to tax residents on a […]
The Federal Board of Revenue (FBR) in Pakistan has increased sales tax on certain motor vehicles in an attempt to generate more revenue and discourage the purchase of luxury items. […]
Federal Board of Revenue (FBR) reported a surge in new active taxpayer registrations following the release of the Active Taxpayer List (ATL) for the 2023 tax year. Increase in Active […]
The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to implement an online system for transferring tax jurisdiction within the IRIS portal. This recommendation aims […]
The Federal Board of Revenue (FBR) has issued new guidelines to Inland Revenue field formations to ensure fair and legal tax recovery procedures, preventing illegal attachment of bank accounts. These […]
