This category provides foundational knowledge about taxation in Pakistan. It covers essential topics such as tax laws, regulations, and filing procedures. You’ll find valuable information on tax forms, deadlines, and rates, along with essential tips for accurate and timely tax compliance.
The Pakistan Tax Bar Association (PTBA) has called for the formation of a larger bench under Rule 3(2) of the Appellate Tribunal Inland Revenue (ATIR) (Functions) Rules, 2023, to address […]
The Federal Board of Revenue (FBR) has recently passed a new tax law that has been certified by the President and implemented into the legal framework. This law significantly increases […]
In essence, an FBR circular is an official document issued by the Federal Board of Revenue (FBR) in Pakistan that provides guidance on the interpretation and application of tax laws. […]
In a significant shift in taxation policies, a new law imposes stricter conditions on non-filers and filers alike. Under this law, non-filers will no longer be able to sell or […]
In today’s digital age, it’s crucial to be vigilant against potential scams. This includes being cautious of fake FBR notices or orders demanding payments or threatening legal action. Here are […]
The Income Tax Ordinance provides a detailed framework for identifying and classifying “associates,” a term critical for ensuring transparency and accuracy in financial and tax reporting. General Definition of Associates […]
The recently proposed law under discussion introduces significant restrictions and requirements for purchasing assets, aiming to increase accountability and compliance with tax regulations. This law stipulates that an individual or […]
The Appellate Tribunal Inland Revenue (ATIR), Islamabad, has ruled that under Pakistan’s tax treaties with the United Arab Emirates (UAE) and the United Kingdom (UK), rental income and capital gains […]
The FBR aims to enhance tax collection and curb tax evasion through these changes. By bringing more businesses into the formal tax system, the government aims to increase tax revenue […]
Apportioning expenditures, deductions, and allowances under Rule 13 of the Income Tax Rules is a systematic process that ensures fair distribution of costs across various income classes. This guide elaborates […]
