This article explores recent changes to the Sales Tax return system, specifically the “The Return Shall Remain Provisional/Draft” error message and its implications for businesses. The Issue: Delayed Filing and […]
Don’t Leave Debts Behind Closing a private company or business enterprise in Punjab comes with legal and financial responsibilities. One crucial aspect is ensuring all outstanding taxes are settled before […]
The Khyber Pakhtunkhwa Revenue Authority (KPRA) plays a vital role in collecting taxes within the province. One crucial aspect of this system is withholding tax, where a portion of the […]
Maintaining accurate and up-to-date financial records is crucial for any business, especially in Pakistan’s evolving tax landscape. This article delves into the essential points to remember when creating monthly balance […]
The Federal Board of Revenue (FBR) of Pakistan has introduced a new feature in the IRIS portal to improve efficiency in sales tax return filing. This update addresses a common […]
Update: The Punjab Revenue Authority (PRA) has extended the deadline for filing Sales Tax Returns and paying Punjab Sales Tax for the month of March, 2024. New Due Date: April […]
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 […]
This article delves into the The Sindh Revenue Board (SRB) withholding tax regime for services provided to government departments. This article will provide an overview of the regime, including the […]
The Federal Board of Revenue (FBR) of Pakistan has implemented a crucial step to ensure transparency and security in the sales tax registration process – biometric verification. This article explains […]
Federal Board of Revenue (FBR) recently introduced a new measure to combat fake invoices used for tax evasion. This article explains the system and its implications for businesses. The Problem: […]
