Demystifying Your FBR IRIS MIS: A Taxpayer’s Guide
The Federal Board of Revenue’s (FBR) IRIS portal empowers taxpayers with a one-stop shop for managing their tax affairs. Within the Management Information System (MIS), you can access a range […]
Understanding Deductions Not Allowed in Calculating Property Income
For property owners in Pakistan, understanding tax implications is crucial. While rental income can be a valuable source of income, it’s essential to be aware of deductions that are not […]
Tajir Dost Scheme A Breakdown of Frequently Asked Questions (FAQs)
This article addresses the new Tajir Dost scheme launched by the FBR (Federal Board of Revenue) in Pakistan, focusing on questions raised about its applicability, registration, and tax implications. Who […]
Understanding and Planning for the Complexities of 7E Tax in Pakistan
The introduction of Section 7e in Pakistan’s tax has created significant confusion and uncertainty for property owners. This article delves into the five key points to remember about 7e and […]
Tax Implications of Spousal Support in Pakistan
When a married couple decides to live apart, financial arrangements become a critical aspect of the separation process. Understanding tax implications, particularly those related to spousal support payments, can significantly […]
Understanding Tangible and Intangible Assets for Tax Purposes
The Income Tax Ordinance, 2001 (ITO) plays a crucial role in determining how businesses in Pakistan are taxed. A critical aspect of this involves understanding the classification of assets – […]
FBR Digitalization of Pakistan Taxation System
The Federal Board of Revenue (FBR) is spearheading a digital revolution within the country’s tax system. This ambitious initiative aims to modernize tax administration, enhance compliance, and ultimately boost national […]
Understanding Asset Declaration Form for Government Officials
In Pakistan, government officials are required to submit an Asset Declaration form annually. This article serves as a comprehensive guide for these officials, explaining the purpose, content, and submission process […]
Biometric Verification: A Secure Step in Sales Tax Registration
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 […]
Documents Required for Provident Fund Recognition with FBR
The Income Tax Ordinance, 2001, allows employers to establish recognized provident funds (RPFs) for their employees. These funds offer tax benefits for both employers and employees. To gain recognition from […]