FBR Launches Advanced Stock Register System
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 […]
Late Filer Status in Pakistan: A Comprehensive Guide
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. This categorization is designed to incentivize timely tax filing and to streamline the tax administration process.
How to Apply for Greenfield Status in Pakistan?
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 […]
How to Check if You are Registered Taxpayer or Active Taxpayer?
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 […]
How to Upload Bulk Sales Tax Invoices?
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 […]
How & Why to File Nil Withholding Tax Statement?
Withholding tax statements must be filed even if no tax was withheld during the period. This requirement ensures accurate reporting and helps the Federal Board of Revenue (FBR) maintain a […]
FBR Updates NTN Registration Requirements
Only Registered SIM Numbers Allowed The Federal Board of Revenue (FBR) has implemented a new requirement for obtaining a National Tax Number (NTN). Effective immediately, only SIM cards registered under […]
How to Claim Income Tax Refund in Pakistan?
In Pakistan, getting an income tax refund is possible if you’ve overpaid your dues compared to your actual tax liability. However, there’s one key requirement: filing your income tax return. […]
How to Claim Sales Tax Refund – Exporters?
The Federal Board of Revenue (FBR) has introduced significant changes to the Sales Tax Rules, 2006, vide S.R.O. 1507 (1)/2024 effective from October 1, 2024. These amendments aim to streamline […]
A Guide to Registering for PSEB in Pakistan for IT and ITeS Entities
Pakistan Software Export Board (PSEB) is a government agency that aims to promote the IT and ITeS industry in Pakistan. PSEB registration is optional but highly recommended for all IT […]