Notices Issued for Compliance of 2024 Tax Returns
The Federal Board of Revenue (FBR) has begun issuing notices to non-compliant taxpayers who failed to file their income tax returns for the 2024 tax year by the due date […]
Banks Charge Fee on Deposits to Reduce Tax Burden
The Pakistani government implemented a tax penalty on banks with an Advance-to-Deposit Ratio (ADR) below 50%. ADR reflects a bank’s lending activity compared to deposits. A low ADR indicates the […]
Tax Notices Issued for Lower Tax Payments in 2024
If you’ve recently received a notice from the Federal Board of Revenue (FBR) regarding your tax payments being lower in 2024 compared to 2023, you’re not alone. This is part […]
Punjab and FBR to Integrate E-Invoice System
The Punjab government is taking steps to streamline tax processes by integrating its Electronic Invoice Monitoring (e-IMS) System with the Federal Board of Revenue’s (FBR) Point of Sales (POS) system. […]
FBR Customs Intelligence Restructure: What’s New?
Islamabad, Pakistan: The Federal Board of Revenue (FBR), through a new notification S.R.O. 1815(1)/2024, has restructured and defined the functions and jurisdiction of the Directorate General of Intelligence and Investigation […]
How to Save Tax on Electricity Bill?
For business owners, saving on taxes can significantly improve profitability. Whether you run a shop, office, or warehouse, understanding how to reduce unnecessary tax burdens is essential. This article focuses […]
A Step-by-Step Guide to the New IRIS E-Payment Feature
The Federal Board of Revenue (FBR) has recently introduced a new e-payment feature on the Integrated Revenue Information System (IRIS) portal. This feature allows taxpayers to make direct payments within […]
FBR Shifts Focus of Tajir Dost Scheme to Target Big Tax Evaders
Tajir Dost Scheme Now via Electricity Bills: The Federal Board of Revenue (FBR) has revised the implementation strategy of the Tajir Dost Scheme. The initial goal of registering all shopkeepers […]
FBR Sets Minimum Retail Price for Tea
In a recent move aimed at streamlining tax calculations and ensuring fair tax contributions, the Federal Board of Revenue (FBR) has issued a new notification S.R.O. 1735(I)/2024—which sets a minimum […]
FBR Launches Advanced Stock Register System
The Federal Board of Revenue (FBR) has taken a significant leap in digitalization by launching an Advanced Stock Register System through its Information Center 2.0 platform. This move aligns with […]