Tax Administration and Pakistan’s Economy
Tax administration is the process of collecting taxes from taxpayers. It includes a number of activities, such as assessing taxes, collecting taxes, and enforcing tax laws. The efficiency of tax […]
Tax Evasion in Pakistan: What Are the Penalties?
Introduction Tax evasion is the intentional non-payment or underpayment of taxes owed to the government. It is a serious crime that can result in significant penalties, including fines, imprisonment, and […]
What is Designated Non-Financial Businesses and Professions (DNFBPs)
Designated Non-Financial Businesses and Professions (DNFBPs) refer to businesses and professions that are not related to financial institutions but are still vulnerable to money laundering and terrorist financing. DNFBPs in […]
FBR Surpasses Collection Target: Digitalisation to Enhance Transparency
The Federal Board of Revenue (FBR) has exceeded its collection target by Rs 247 billion from July to March of the current fiscal year 2021-22, marking an increase of 29.1% […]