FBR Simplifies Process for Extension for Sales Tax Returns
The Federal Board of Revenue (FBR) has issued a new standard operating procedure (SOP) to streamline the process for registered persons seeking an extension of the time limit for filing […]
Clarifying Time Limits for Amending Income Tax Assessments
A landmark judgment by the Appellate Tribunal Inland Revenue (ATIR) in Islamabad has brought much-needed clarity to the seemingly contradictory provisions within Section 122 of the Income Tax Ordinance (ITO) […]
FBR Empowers Commissioners to Condone Delays in Sales Tax Applications
The Federal Board of Revenue (FBR) has issued a notification (S.R.O. 1444(I)/2024) empowering Commissioners-IR (Income Tax) to condone time limits for applications related to the Sales Tax Act, 1990. This […]
Six Consequences of not Filing Tax Returns on Time
The Federal Board of Revenue (FBR) has reiterated that the deadline for filing income tax returns for the tax year 2024 is September 30, 2024. There will be no extension […]
S.R.O.1321(I) 12024: Simplified Tax Returns Form for Traders
The Federal Board of Revenue (FBR) has announced that only 277 shopkeepers/retailers have paid a total of Rs. 503,632 in taxes under the Tajir Dost Scheme. Despite having 63,964 registered […]
How to Register Your National Tax Number (NTN) Online in Pakistan?
Obtaining a National Tax Number (NTN) is crucial for individuals in Pakistan who earn income from various sources. Thankfully, the Federal Board of Revenue (FBR) has simplified the process with […]
Balochistan (BRA) Announces Reward Program for Whistleblower
Balochistan Revenue Authority (BRA) has implemented a reward program to incentivize individuals who report tax evasion or concealment in the province. This initiative aims to enhance tax compliance and increase […]
Essential Documents for DNFBP Registration with FBR
Navigating the registration process for Designated Non-Financial Businesses and Professions (DNFBPs) in Pakistan can seem daunting. But fear not! This comprehensive checklist equips you with the key requirements and documents to ensure a smooth and successful registration with the FBR.
Contact Details of Regional Tax Offices in Pakistan
This article provides a comprehensive list of contact details for Regional Tax Offices (RTOs) under the Federal Board of Revenue (FBR) of Pakistan. In case you have any general inquiries, […]
How to Tax Profit on Debt?
When it comes to tax purposes, understanding the concept of profit on debt is essential for individuals and businesses alike. In this informative blog post, we will delve into the […]