How to Register in Sales Tax – A Step By Step Guide
Learn the complete process of sales tax registration in Pakistan. Get a checklist of required documents, preparation tips, and expert advice.
New Sales Tax Rules: Mandatory Biometric Verification Every Year
This article explains recent changes to sales tax registration, including a new requirement for annual biometric verification. Businesses registered for sales tax in Pakistan now have to undergo an annual […]
Tax Returns to Declare Family Members and Source of Funds Information
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 […]
How to Apply for Change of Tax Office Online?
The Federal Board of Revenue (FBR) has taken a significant step towards enhancing taxpayer convenience by enabling the Change of Tax Jurisdiction application to be filed online through the IRIS […]
How to Verify If the Notice or Order is Sent by FBR or Not?
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 […]
Understanding the Concept of Associates for Tax Purpose
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 […]
How to File a NIL Tax Return for a Company?
Filing a NIL tax return for a company in Pakistan is straightforward, especially if there has been no business activity or revenue during the financial year. Follow these detailed steps […]
How to Add Business Bank Account to FBR Profile?
The Income Tax Ordinance, 2001, under Section 114A, mandates taxpayers to declare their business bank accounts to the Commissioner of Income Tax. This requirement is crucial for maintaining accurate tax […]
Division of Expenditures & Deductions for Multiple Sources of Income
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 […]
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 concept of “eligible persons.” This new framework aims to curb […]