The Federal Board of Revenue (FBR) has adopted a more assertive approach to tax collection in recent times. While this aims to improve revenue generation and combat tax evasion, it […]
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 […]
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 […]
Pakistan’s Federal Board of Revenue (FBR) is nearing its nine-month tax collection target of Rs6.7 trillion after attaching bank accounts of the Civil Aviation Authority (CAA) to recover Rs13 billion […]
