New Taxes on Cars

New Taxes on Cars

After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which has created trouble for the car industry. If you remember, the government proposed several Federal Excise Duty (FED) and…

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Legal and Operational Issues with National Single Sales Tax Return

Legal and Operational Issues with National Single Sales Tax Return

Federal and provincial taxpayers are facing problems in filing the Federal Board of Revenue (FBR)’s National Sales Tax Return (STR), which was formally launched by Finance Minister Shaukat Tarin on January 7, 2022. Earlier, the…

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How to Pay PTA Mobile Registration Tax

How to Pay PTA Mobile Registration Tax

Are you looking to register your mobile device with PTA and pay the due taxes? If yes, then you have come to the right place. In this article, you’ll learn how to pay your PTA…

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Ineligible taxpayers manage to avail Traders’ Voluntary Tax Compliance Scheme

Ineligible taxpayers manage to avail Traders’ Voluntary Tax Compliance Scheme

The Federal Board of Revenue (FBR) Intelligence and Investigation (I&I) Inland Revenue (IR) has revealed that 13,401 taxpayers filed 37,469 Voluntary Tax Compliance Scheme (VTCS) returns whereas most of them were ineligible for the scheme.…

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No of tax filers for tax year 2021 at deadline

No of tax filers for tax year 2021 at deadline

Against 7.2 million taxpayers registered with the Federal Board of Revenue (FBR), just 2.5 million, or 35%, filed annual income tax returns till the extended deadline that expired on Friday. The FBR now faces the…

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Current figures of income tax returns filing for tax year 2021

Current figures of income tax returns filing for tax year 2021

The Federal Board of Revenue (FBR) has received record number of 2.163 million income tax returns for the tax year 2021 up to October 11, 2021. According to media reports here on Monday that the…

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Highlights on Tax Laws Third Amendment Ordinance, 2021

Highlights on Tax Laws Third Amendment Ordinance, 2021

Compulsory Digitized Payment for Expenditure by Companies: This is a highly discussed amendment made in the tax laws for the documentation of the economy. Government is considering to give a grace period of 40 days…

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Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax terms explained in a plain and simple way. We have put together many of the most…

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Online vehicle token tax payment |  Vehicle token tax Calculator | Punjab | Sindh | KPK | Balochistan | Islamabad

Online vehicle token tax payment | Vehicle token tax Calculator | Punjab | Sindh | KPK | Balochistan | Islamabad

Pay Vehicle Token Tax Online in Punjab Punjab IT Board has launched an e-payment system allowing citizens to pay vehicle token tax online in Punjab without the hassle of visiting the Excise and Taxation Department avoiding long queues and…

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Deadline and penalty for Tier-1 retailers and other tax provisions relating there to

Deadline and penalty for Tier-1 retailers and other tax provisions relating there to

FBR directs Tier-1 Retailers to integrate with revenue authority till August 15. The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their invoicing systems with the tax Realtime invoicing system of Federal…

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