The Federal Board of Revenue (FBR) recently highlighted the importance of complying with tax regulations and the consequences of falling under the “non-active taxpayer” status. This article aims to provide […]
Taxation forms the backbone of any nation’s financial stability, and Pakistan is no exception. But what happens when a registered taxpayer fails to comply with their obligations or is no […]
Tax audits are a necessary part of the tax system in any country. They help to ensure that taxpayers are paying the correct amount of tax and that they are […]
The Income Tax Ordinance 2001 (ITO) is the primary legislation governing taxation in Pakistan. The ITO sets out a number of different tax penalties for non-compliance with its provisions. These […]
The Income Tax Ordinance 2001 (ITO) is the primary law governing taxation in Pakistan. It sets out the rates of tax, the types of income that are taxable, and the […]
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]
Introduction Tax evasion is the intentional non-payment or underpayment of taxes owed to the government. It is a serious crime that can result in significant penalties, including fines, imprisonment, and […]
Paying taxes is an essential responsibility for all citizens who earn an income. Taxes are a way of contributing to the functioning of society and the government, and they help […]
Filing income tax returns in Pakistan is a mandatory requirement for various entities, but deadlines can vary depending on your category. This guide clarifies important dates for individuals, companies, and […]
As a Pakistani taxpayer, receiving a notice from the Federal Board of Revenue (FBR) can be overwhelming and intimidating. However, it is crucial to understand why these notices are issued […]
