FBR introduced Track and Trace System
Tax evasion, like a sly magician, has long baffled Pakistan’s economic landscape. Goods vanish into thin air, tax receipts disappear, and valuable revenue vanishes. But fret no more, for a […]
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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.
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 […]
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.
FBR Expands Net with New District Offices Across Pakistan
This ambitious initiative aims to bring 1.5 to 2 million new taxpayers into the net by June 2024, significantly broadening the tax base.
FBR New Upgrade of IRIS into IRIS 2.0
IRIS and IRIS 2.0 Iris is a tax filing system developed by Pakistan Revenue Automation Limited (PRAL) for the Federal Board of Revenue (FBR) in Pakistan. It was launched in […]
Pakistan Withdraws Major Tax Credits and Exemptions
Pakistan’s tax landscape has undergone a significant shift with the withdrawal of several previously available exemptions and tax credits. This move aims to boost government revenue and promote fiscal responsibility, […]
Rental Income Tax Rates 2023-24
Owning rental property in Pakistan can be a source of steady income, but it’s important to understand the tax implications.