FBR – Page 2 – TaxationPK

Seeking Relief from Time Limits for Tax Appeals

ByQuratul Ain February 1, 2025February 1, 20255 min read

Section 214A of the Income Tax Ordinance provides an important provision that allows the Federal Board of Revenue (FBR) to exercise discretion and condone the time limits specified for the […]

Tax Essentials

Government to Approve Teachers Tax Rebate Restoration

ByQuratul Ain February 1, 2025February 1, 20254 min read

The government has approached the International Monetary Fund (IMF) to seek approval for the restoration of a 25% income tax rebate for teachers and researchers, a benefit that was abruptly […]

Tax Traps

FBR’s Tax Recovery Notices to Salaried Individuals Under Scrutiny

ByBinte Zafar January 31, 2025January 31, 20253 min read

FBR’s tax recovery notices to salaried individuals raise legal concerns. Experts urge accountability for employers, not employees. Learn more here.

Tax Essentials

Sales Tax Filing Overhaul – Key Changes in FBR’s SRO 69(I)/2025

ByBinte Zafar January 30, 2025January 30, 20253 min read

FBR’s SRO 69(I)/2025 mandates electronic invoicing for businesses, requiring integration with its system. Learn about compliance, costs, and key obligations.

Tax Essentials

Jurisdiction of Income Tax Authorities

ByBinte Zafar January 27, 2025January 27, 20253 min read

Learn about Section 209 of Pakistan’s Income Tax Ordinance, covering tax authorities’ jurisdiction, powers, and case allocation procedures.

Tax Essentials

Income Tax Law – Audit Procedure by Inland Revenue Explained

ByQuratul Ain January 25, 2025January 25, 20252 min read

The Appellate Tribunal Inland Revenue (ATIR), Division Bench-I, has issued a detailed judgment outlining the structured procedure for Inland Revenue officials to conduct audits under Sections 177 and 214C of […]

Tax Essentials

FBR Initiates Customs Budget Exercise for Fiscal Year 2025-26

ByQuratul Ain January 22, 2025January 22, 20252 min read

Islamabad, Pakistan — The Federal Board of Revenue (FBR) has officially launched the Customs Budget exercise for the fiscal year 2025-26. A notification issued by the Secretary (Customs Budget) on […]

Tax Essentials

Displaying of National Tax Number (NTN) Is Mandatory

ByQuratul Ain January 22, 2025January 22, 20253 min read

Learn about Section 181C of the Income Tax Ordinance, requiring businesses to display their National Tax Number (NTN) for transparency and compliance.