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Recently Published

Federal Board of Revenue

Who Needs to Submit a Balance Sheet with Sales Tax Return

Muhammad Ebrahim Mar 23, 2024

This article clarifies who is exempt from submitting a balance sheet in Pakistan, following a recent SRO 350(2024)(Statutory Regulatory Order).…

FBR Introduces SWAPS System for Withholding Agents

FBR Introduces SWAPS System for Withholding Agents

Quratul Ain Mar 22, 2024

The Federal Board of Revenue (FBR) has implemented a new system called SWAPS (System for Web-based Automated Payment System) for…

FBR to End Discrimination Against Manual Tax Filers

FBR to End Discrimination Against Manual Tax Filers

Muhammad Ebrahim Mar 18, 2024

In a significant decision, the President of Pakistan has ruled to eliminate discrimination against manual tax filers in Pakistan. This…

Lahore Chamber of Commerce Challenges New Sales Tax Rules in Pakistan

Lahore Chamber of Commerce Challenges New Sales Tax Rules in Pakistan

Quratul Ain Mar 16, 2024

The Lahore Chamber of Commerce and Industry (LCCI) is contesting a recent amendment to the Sales Tax Rules, arguing it…

Federal Board of Revenue

FBR’s Single Tax Return Portal: Updates and Implementation Timeline

Muhammad Ebrahim Mar 14, 2024

The Federal Board of Revenue (FBR) website recently introduced updates related to the concept of a single cell tax return…

FBR Cracks Down on Fake Invoices & Disallowance of Input Tax SRO 350

FBR Cracks Down on Fake Invoices & Disallowance of Input Tax SRO 350

Muhammad Ebrahim Mar 14, 2024

Federal Board of Revenue (FBR) recently introduced a new measure to combat fake invoices used for tax evasion. This article…