The FBR has recently issued a negative list of items on which input tax adjustment shall not be allowed for five leading export-oriented industries in Pakistan. This list comprises 714 […]
Property taxes are an integral part of Pakistan’s taxation system. They are levied on immovable property, such as land, buildings, and other structures, and are a vital source of revenue […]
The National Tax Number (NTN) is a crucial document for individuals and businesses in Pakistan to conduct legal financial activities. The Federal Board of Revenue (FBR) issues the NTN number […]
As a taxpayer in Pakistan, it is important to stay tax compliant and keep your Active Taxpayer status up to date. Failure to do so can result in penalties, fines, […]
Pakistan’s Federal Board of Revenue (FBR) has recently imposed a 25% sales tax on a range of imported products, including home appliances, cosmetics, shoes, and food items, among others. This […]
Pakistan’s Finance (Supplementary) Bill 2023 has introduced new taxes to finalize the IMF deal, one of which is the advance tax of 10% on functions and gatherings. This tax was […]
The Federal Board of Revenue (FBR) is currently seeking input from stakeholders and policy makers for the upcoming Federal Budget 2023-24. The FBR has already implemented the Finance Supplementary Bill, […]
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 […]
In the realm of sales tax, zero rated and exempt goods are often misconstrued as having the same treatment. However, there are fundamental differences between the two. When a normal […]
Filing income tax returns is a crucial aspect of every individual’s and entity’s financial obligations in Pakistan. Failure to comply with this legal requirement can result in severe penalties, which […]
