A Guide to 7E (Deemed Rental Income) Exemptions
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
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 […]
Attention Pakistani businesses! The Federal Board of Revenue (FBR) has issued a new regulation (SRO 428(I)/2024) mandating online integration with their tax system. This means your Point-of-Sale (POS) system needs […]
You can verify a 7e exemption certificate issued by the FBR through their online verification system. Here’s how: Visit the FBR’s Exemption Certificate Verification webpage: https://e.fbr.gov.pk/esbn/Verification On the page, you’ll […]
Federal Board of Revenue (FBR), has taken a significant step towards formalizing the retail sector and boosting tax collection. The newly implemented “Special Procedures for Small Traders and Shopkeepers” scheme […]
Part II of S.R.O. 420(I)/2024 outlines the new framework for advance tax payments under the “Tajir Dost Scheme” for small businesses in Pakistan. Here’s a breakdown of the key points: […]
What is Draft S.R.O. 420(I)/2024? This notification, issued by the Federal Board of Revenue (FBR) of Pakistan, mandates the registration of all traders and shopkeepers in the country. Taking effect […]
This article clarifies who is exempt from submitting a balance sheet in Pakistan, following a recent SRO 350(2024)(Statutory Regulatory Order). Due date for filing of balance sheet is April 06, […]
The Federal Board of Revenue (FBR) has implemented a new system called SWAPS (System for Web-based Automated Payment System) for processing payments for goods and services. This notification, issued on […]
Federal Board of Revenue (FBR) has introduced a new system called Synchronized Withholding Administration and Payment System (SWAPS). This initiative aims to improve efficiency and transparency in collecting withholding tax […]