Steps to Generate Online Tax Challan for Tax Relief Visit the FBR Website: Navigate to the FBR e-Services Portal. Select the IRIS (Income and Revenue Information System) option. Create Payment […]
Disclosing personal expenses accurately in your income tax return is crucial for maintaining compliance with tax regulations and avoiding potential legal complications. In Pakistan, the Federal Board of Revenue (FBR) […]
When receiving foreign remittances in Pakistan, understanding the tax implications and savings opportunities is essential to comply with regulations and minimize potential liabilities. Here’s how the required documentation plays a […]
For business owners, saving on taxes can significantly improve profitability. Whether you run a shop, office, or warehouse, understanding how to reduce unnecessary tax burdens is essential. This article focuses […]
Tajir Dost Scheme Now via Electricity Bills: The Federal Board of Revenue (FBR) has revised the implementation strategy of the Tajir Dost Scheme. The initial goal of registering all shopkeepers […]
The Federal Board of Revenue (FBR) has taken a significant leap in digitalization by launching an Advanced Stock Register System through its Information Center 2.0 platform. This move aligns with […]
The Federal Board of Revenue (FBR) has introduced a new category of taxpayers, the Active (Late Filer), under the Income Tax Ordinance 2001, as amended by the Finance Act 2024. […]
What is a Greenfield Status? A Greenfield Status pertains to a “greenfield industrial undertaking,” which is defined as: Definition of Greenfield Industrial Undertaking (Section 27A) (a) A new industrial undertaking […]
Understanding the Terms While the terms “registered taxpayer” and “active taxpayer” are often used interchangeably, they represent distinct concepts in the Pakistani tax system. Registered Taxpayer A registered taxpayer is […]
Importing Large Volumes of Sales Tax Invoices Efficiently Managing sales tax invoices for businesses can be a time-consuming task, especially for those dealing with a high volume of transactions. The […]
