The Federal Board of Revenue (FBR) of Pakistan has made it mandatory for businesses to submit their balance sheets as part of their tax compliance requirements. This requirement, which came […]
In Pakistan, government officials are required to submit an Asset Declaration form annually. This article serves as a comprehensive guide for these officials, explaining the purpose, content, and submission process […]
Federal Board of Revenue (FBR), has taken a significant step towards formalizing the retail sector and boosting tax collection. The newly implemented “Special Procedures for Small Traders and Shopkeepers” scheme […]
What is Draft S.R.O. 420(I)/2024? This notification, issued by the Federal Board of Revenue (FBR) of Pakistan, mandates the registration of all traders and shopkeepers in the country. Taking effect […]
Federal Board of Revenue (FBR) has introduced a new system called Synchronized Withholding Administration and Payment System (SWAPS). This initiative aims to improve efficiency and transparency in collecting withholding tax […]
Understanding how agricultural income is taxed in Pakistan is crucial for individuals involved in this vital sector. This article delves into the complexities surrounding agricultural income taxation as outlined in […]
The Income Tax Ordinance, 2001, allows employers to establish recognized provident funds (RPFs) for their employees. These funds offer tax benefits for both employers and employees. To gain recognition from […]
This article explains an important rule for Pakistani taxpayers planning to leave the country. Key Rule: Section 145 of the Income Tax Ordinance requires residents leaving Pakistan to inform the […]
Thinking of selling your property in Pakistan? Hold on! The Federal Board of Revenue (FBR) introduced a game-changer in 2022: the 7E certificate. This little piece of paper is now […]
Pakistan Single Window (PSW) Enrollment Benefits The Pakistan Single Window (PSW) aims to streamline cross-border trade by creating a one-stop platform for businesses. This regulation outlines the process for registering […]
