Sindh Launches Real-Time Property Transaction Sharing with FBR
Sindh begins real-time property transaction sharing with FBR, boosting transparency, formalizing real estate, and targeting tax evasion in Pakistan.
Blog
Private Company vs. AOP vs. Individual – Which Business Model Suits You?
Discover the pros and cons of registering a business as a company, partnership (AOP), or individual. Learn which option best suits your needs.
How Normal Tax Regime Effects Advance Tax Notices for Exporters?
Explore the shift from the final tax regime to the normal tax regime for exporters, covering advance tax, super tax, and compliance essentials.
Navigating the Challenges of Advance Tax in the Retail Sector
Explore the impact of Section 236G and 236H on Pakistan’s tax system, highlighting challenges for distributors, wholesalers, and retailers in compliance.
Understanding the Appointment of Income Tax Authorities
Explore how Section 208 of Pakistan’s Income Tax Ordinance empowers FBR to appoint tax authorities, ensuring efficient tax administration and compliance.
Understanding the Hierarchy, Roles and Responsibilities of Income Tax Authorities
Income Tax Ordinance, 2001, provides a comprehensive framework for the hierarchy and structure of income tax authorities in Pakistan. These authorities are responsible for the administration, enforcement, and compliance of […]
How FBR Recovers Tax If you Ignore Tax Notices?
The failure to pay taxes has serious repercussions, triggering a robust recovery process enforced by Inland Revenue (IR) officers. Under the Sales Tax Act, 1990, the IR possesses extensive powers […]
How to Reconcile Net Assets for Effective Tax Planning
Reconciliation of net assets is a critical concept in finance and accounting, particularly when filing income tax returns. It ensures that all financial transactions, including income, expenses, savings, and investments, […]
How Many Taxes Do You Pay When Buying or Selling Property?
When buying or selling property in Pakistan, several taxes and duties are applicable. These taxes can be divided into adjustable taxes, which can later be claimed or adjusted against other […]
FBR Issues Sales Tax Rules Updated Till January 1, 2025
The Federal Board of Revenue (FBR) has updated the Sales Tax Rules Updated till January 01, 2025 (01-01-2025) incorporating key revisions aimed at improving compliance and addressing evolving business needs. […]