FBR Seeks Asset Details of Top Officials
In a bid to enhance transparency and accountability, the Federal Board of Revenue (FBR) has initiated a process to collect asset details of all Grade-17 to Grade-22 officers within the […]
In a bid to enhance transparency and accountability, the Federal Board of Revenue (FBR) has initiated a process to collect asset details of all Grade-17 to Grade-22 officers within the […]
FBR Levies Turnover Tax on Subsidy The Federal Board of Revenue (FBR) has imposed a 1.25% turnover tax on the subsidy provided to utility stores. This new tax measure is […]
The All Pakistan Anjuman-e-Tajiran has announced a nationwide strike on August 28 to protest against the government’s Tajir Dost scheme. The traders’ associations have deemed the scheme unacceptable and are […]
In a significant development, the Directorate of Internal Audit (Southern Region) has uncovered a massive sales tax fraud amounting to a staggering Rs11.3 billion. The scheme involved a complex network […]
The Federal Board of Revenue (FBR) has initiated a comprehensive overhaul of its operations with the formation of a dedicated task force aimed at digitizing the entire tax system. The […]
These are the withholding tax rates applicable from July 1, 2024 in Pakistan. Minimum limit on tax deduction for payments against goods and services Shall be Rs 75000/- and Rs […]
The Khyber Pakhtunkhwa Excise and Taxation Department has initiated a crackdown on non-custom paid (NCP) vehicles in the Malakand Division and merged tribal districts. The department has identified over 110,000 […]
The Pakistan Tax Bar Association (PTBA) has raised concerns regarding the functioning of the Appellate Tribunal Inland Revenue (ATIR), emphasizing the need for an oversight committee to address issues that […]
Taxpayers Facing Unnecessary Hardship The Karachi Tax Bar Association (KTBA) has highlighted the issue of taxpayers facing undue difficulties due to delays in updating the Income Tax General Order (ITGO). […]
Heavy Tax Burden Traders in Khyber Pakhtunkhwa have strongly condemned the government’s Tajir Dost scheme, labeling it as detrimental to businesses. They argue that the imposition of advance income tax, […]