Understanding the Terms While the terms “registered taxpayer” and “active taxpayer” are often used interchangeably, they represent distinct concepts in the Pakistani tax system. Registered Taxpayer A registered taxpayer is […]
Importing Large Volumes of Sales Tax Invoices Efficiently Managing sales tax invoices for businesses can be a time-consuming task, especially for those dealing with a high volume of transactions. The […]
Withholding tax statements must be filed even if no tax was withheld during the period. This requirement ensures accurate reporting and helps the Federal Board of Revenue (FBR) maintain a […]
Understanding Withholding Tax Statements Withholding tax statements are required under Section 165 of the Income Tax Ordinance, 2001. These statements report the taxes withheld from various income sources, such as […]
Only Registered SIM Numbers Allowed The Federal Board of Revenue (FBR) has implemented a new requirement for obtaining a National Tax Number (NTN). Effective immediately, only SIM cards registered under […]
In Pakistan, getting an income tax refund is possible if you’ve overpaid your dues compared to your actual tax liability. However, there’s one key requirement: filing your income tax return. […]
The Federal Board of Revenue (FBR) has introduced significant changes to the Sales Tax Rules, 2006, vide S.R.O. 1507 (1)/2024 effective from October 1, 2024. These amendments aim to streamline […]
Pakistan Software Export Board (PSEB) is a government agency that aims to promote the IT and ITeS industry in Pakistan. PSEB registration is optional but highly recommended for all IT […]
What is a POC Holder? A POC (Pakistan Origin Card) holder is an individual of Pakistani origin who resides abroad. The POC is a document issued by the Pakistani government […]
The Federal Board of Revenue (FBR) has introduced a new option in its Tax Asaan app for the Tajir Dost Scheme. The scheme aims to bring unregistered businesses into the […]
