Get Ready for Mandatory Sales Tax Registration
The FBR aims to enhance tax collection and curb tax evasion through these changes. By bringing more businesses into the […]
FBR Restricts Cash Withdrawal for Non Compliant Taxpayers
The Tax Laws (Amendment) Bill 2024 introduces a significant change by granting the FBR the power to restrict bank account […]
FBR’s New Input Tax Adjustment Rules, How it will Impact Business?
The Federal Board of Revenue (FBR) has introduced significant amendments to the Sales Tax Act, with a new bill that […]
FBR Introduces new Term Eligible Person for Tax Compliance
The recently passed Tax Laws (Amendment) Bill 2024 has introduced a significant paradigm shift in tax compliance by introducing the […]
FBR New Requirement – Source of Investment and Expenditure Statement
The Tax Laws (Amendment) Bill 2024 introduces a new requirement for individuals and entities to declare the sources of funds […]
Restriction on Non Filers for Investment & Car Purchases
The Tax Laws (Amendment) Bill 2024 introduces transformative changes aimed at regulating economic transactions and enhancing tax compliance. Among its […]
FBR’s Zero-Tolerance Approach to Non-Compliance
Tax Laws (Amendment) Bill 2024 empowers the Chief Commissioner to take the following coercive actions against individuals or entities that […]
FBR Modifies Sales Tax Act to Limit Input Tax Allowance
Tax Laws (Amendment) Bill 2024, update of Sales Tax Act focuses on Section 8B, particularly sub-section (4), which introduces a […]
How to Apply for Correction in CPR Online?
A CPR may need corrections if: The tax year or month is selected incorrectly. Errors occur due to the withholding […]
How to Apply for Change in Accounting Method?
The application to change the method of accounting is guided by Section 32(4) of the Income Tax Ordinance, 2001. According […]