Avoid common tax mistakes and penalties with the expert advice in this category. Learn about potential tax risks and how to mitigate them. Get insights on avoiding tax audits and investigations. Protect yourself from tax trouble by understanding the common pitfalls and how to avoid them.
This news directly impacts Tier-I Retailers in Pakistan who have been juggling their sales tax responsibilities. On December 21st, 2023, the Federal Board of Revenue (FBR) issued a notification amending […]
The Federal Board of Revenue (FBR) emphasizes on the importance of maintaining active taxpayer status in Pakistan. This article dives into the key points of Rule 12A of the Sales […]
Navigating the world of taxes can be confusing, and facing potential suspension of your sales tax registration adds another layer of stress. This article delves into Section 45 of the […]
Navigating the Offshore Landscape: Unveiling Assets, Evaders, and Enablers in Pakistan In the evolving realm of financial dealings, the concepts of offshore assets, evaders, and enablers hold immense significance, particularly […]
A Notice under Section 138 of the Income Tax Ordinance, 2001 is a legal document issued by the FBR to a taxpayer demanding payment of outstanding tax dues. It’s essentially […]
Running a business in Khyber Pakhtunkhwa? Keeping your sales tax registration active is crucial. This article dives into Khyber Pakhtunkhwa Finance Act, 2013, explaining the process of “inactivation” or “suspension” […]
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 […]
