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FBR’s Aggressive Approach to Tax Collection: A Double-Edged Sword?

FBR’s Aggressive Approach to Tax Collection: A Double-Edged Sword?

Muhammad Ebrahim Apr 24, 2024

The Federal Board of Revenue (FBR) has adopted a more assertive approach to tax collection in recent times. While this…

New Provisional Sales Tax Return Error and Its Impact on Business

New Provisional Sales Tax Return Error and Its Impact on Business

Quratul Ain Apr 23, 2024

This article explores recent changes to the Sales Tax return system, specifically the “The Return Shall Remain Provisional/Draft” error message…

FBR Ramps Up Crackdown on Illicit Items with Digital Tax Stamp Verification

FBR Ramps Up Crackdown on Illicit Items with Digital Tax Stamp Verification

Muhammad Ebrahim Apr 21, 2024

Pakistan’s Federal Board of Revenue (FBR) is intensifying its fight against illicit goods, particularly counterfeit cigarettes. This crackdown comes amidst…

Recent Update on Balance Sheet Approval – Pakistani Taxpayers

Recent Update on Balance Sheet Approval – Pakistani Taxpayers

Muhammad Ebrahim Apr 20, 2024

Taxpayers, a recent update addresses the confusion surrounding balance sheet approval! Here’s a breakdown of the situation: SRO 528: This…

SRO 582 Expands Balance Sheet Requirement for Sales Tax Return Filing in Pakistan

SRO 582 Expands Balance Sheet Requirement for Sales Tax Return Filing in Pakistan

Quratul Ain Apr 18, 2024

In a move that significantly impacts businesses in Pakistan, the Federal Board of Revenue (FBR) issued SRO 582(I)/2024, tightening the…

Caught in the Web – SRO 350 (Balance Sheet) Delays Sales Tax Filing for Businesses

Caught in the Web – SRO 350 (Balance Sheet) Delays Sales Tax Filing for Businesses

Muhammad Ebrahim Apr 17, 2024

Taxpayers Face Hurdles After SRO 350 Implementation The Federal Board of Revenue’s (FBR) recent amendments to the Sales Tax Rules,…