The Pakistani government is proposing stricter measures to encourage tax compliance through the amended Finance Bill 2024. Here’s a breakdown of the key proposals: Frozen Bank Accounts for Non-Filers: The […]
The Federal Board of Revenue (FBR) of Pakistan has issued a public notice S.R.O. 895(I)/2024 regarding upcoming amendments to the Income Tax Rules, 2002. Key Takeaway: The most crucial information […]
Tax advisors in Pakistan have called upon the Federal Board of Revenue (FBR) to implement a more comprehensive approach to serving tax notices to taxpayers. This follows concerns raised by […]
The Federal Board of Revenue’s (FBR) renewed efforts to expand Pakistan’s tax net through the Tajir Dost Scheme (Trader’s Dost Scheme) raise questions about the effectiveness of its strategies. Despite […]
Attention Pakistani businesses! The Federal Board of Revenue (FBR) has issued a new regulation (SRO 428(I)/2024) mandating online integration with their tax system. This means your Point-of-Sale (POS) system needs […]
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) 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: […]
The Federal Board of Revenue (FBR) has introduced a digital invoicing system and a dedicated online portal to manage it. This article explains the purpose of the portal and who […]
