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FINANCE
State Bank reports complete ban on cryptocurrency and related activities in Pakistan

State Bank reports complete ban on cryptocurrency and related activities in Pakistan

A committee headed by the deputy governor of the State Bank of Pakistan (SBP) has recommended a complete ban on cryptocurrency, saying that allowing it could lead to an outflow of foreign exchange and illicit…

TAXATION
FBR introduced list of mandatory documents for claim of duty drawbacks

FBR introduced list of mandatory documents for claim of duty drawbacks

The Federal Board of Revenue (FBR) has introduced a mandatory requirement of six documents for the claim of duty drawbacks on local supplies, free of duty imports, and taxes to avoid any misuse of the…

BLOG
Apple IPhone SE 2020 PTA, Import Tax and price in Pakistan

Apple IPhone SE 2020 PTA, Import Tax and price in Pakistan

Apple IPhone SE 2020 is a device launched in Pakistan. The official price of this phone is 92499 Rupees. The Apple IPhone SE 2020 price in the country is more then $130/- which includes 20%…

UPDATES
Supreme Court suspends SHC’s order on FBR notices to foreign asset holders

Supreme Court suspends SHC’s order on FBR notices to foreign asset holders

On the plea of the Federal Board of Revenue (FBR), the Supreme Court of Pakistan has suspended the Sindh High Court (SHC) order which declared illegal the issuance of FBR notices to the Pakistanis pertaining…

BUDGET
Cottage industry annual turnover limit proposed to change

Cottage industry annual turnover limit proposed to change

Which persons required to get sales tax registration ? Registration Section 14 of Sales Tax Act 1990 According to Registration provisions under Section 14(1) of Sales Tax Act, 1990, Every person engaged in making taxable supplies…

BLOG
Samsung Galaxy A03s PTA, Import TAX and Price in Pakistan | PTA Tax Calculator

Samsung Galaxy A03s PTA, Import TAX and Price in Pakistan | PTA Tax Calculator

Samsung Galaxy A03s is a device launched in Pakistan. The official price of this phone is 22499 Rupees. The Samsung Galaxy A03s price in Pakistan is more then $60/- and less then $130/- which includes…

BUDGET
CNIC condition to be waived on digital payment

CNIC condition to be waived on digital payment

The Federal Board of Revenue (FBR) may withdraw the condition of providing details of Computerized National Identity Card (CNIC) in case payment made through digital means. The Finance (Supplementary) Bill, 2021 proposed to waive the condition of…

TAXATION
FBR revealed biggest tax fraud

FBR revealed biggest tax fraud

The Federal Board of Revenue (FBR) has claimed that it has busted the first biggest tax fraud of billions of rupees by tampering with its electronically integrated Point of Sales (POS) system amid the company…

FINANCE
Notice issued by FIA to popular cryptocurrency exchange Binance

Notice issued by FIA to popular cryptocurrency exchange Binance

The Federal Investigative Agency’s (FIA) Cyber Crime Wing said on Friday that it has issued a notice to an official from Binance, a popular cryptocurrency exchange, while investigating a multi-million dollar scam. The agency, seeking…

UPDATES
FBR launched National Single Sales Tax Return Today

FBR launched National Single Sales Tax Return Today

Achieving yet another significant milestone towards digitization & data integration to facilitate taxpayers, promote ease of doing business, harmonizing Sales Tax & reduce compliance costs, FBR has launched its National Sales Tax Return (NSTR), at…

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