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TAXATION
How to Verify FBR Active Taxpayer Status in Pakistan

How to Verify FBR Active Taxpayer Status in Pakistan

Steps to Check Active Taxpayer Status Here we will explain that how a taxpayer can check tax filer status online and even download the updated active taxpayer list (ATL). Active Taxpayer status / Tax Filer status can be checked in the following…

TAXATION
FBR Revises Property Valuation Rates of Immovable Properties in 40 Cities

FBR Revises Property Valuation Rates of Immovable Properties in 40 Cities

The Federal Board of Revenue (FBR) has revised the property valuation rates of immovable properties. FBR has reduced the property rates in 40 cities from March 1, 2022, by bringing down the irrational high market…

TAXATION
FBR’s Revised Property Valuation 2022 Expected to Re-Notify on 1 March

FBR’s Revised Property Valuation 2022 Expected to Re-Notify on 1 March

The Federal Board of Revenue (FBR) previously through office memorandum had already decided in February 2022 to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021,…

TAXATION
Tax Year 2021 Active Taxpayers’ List to be Published on 1 March 2022

Tax Year 2021 Active Taxpayers’ List to be Published on 1 March 2022

The Federal Board of Revenue (FBR) will publish the Active Taxpayers’ List (ATL) for the Tax Year 2021 on 1 March 2022 in accordance with the provisions of Rule 81B of the Income Tax Rules,…

TAXATION
FBR’s National Single Sales Tax Return System Fully Functional

FBR’s National Single Sales Tax Return System Fully Functional

The Federal Board of Revenue (FBR) has said that it has resolved all the issues related to the online filing of Single National Sales Tax Return system, and it has now become fully functional. According…

TAXATION
FBR Rebuts News Story of “Biggest tax scam surfaces in FBR”

FBR Rebuts News Story of “Biggest tax scam surfaces in FBR”

The Federal Board of Revenue (FBR) has taken strong exception to the news story captioned, “Biggest tax scam surfaces in FBR,” published in a local English daily on 6 February 2022. Calling it “malicious in…

TAXATION
FBR’s Revised Property Valuation 2022 to Re-Notify on 1 March

FBR’s Revised Property Valuation 2022 to Re-Notify on 1 March

The Federal Board of Revenue (FBR) has decided to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021, a special order of…

TAXATION
FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

The Federal Board of Revenue (FBR) has extended the last date of payment and filing of National Single Sales Tax and Federal Excise Return for the tax period of December 2021. The FBR issued instructions…

TAXATION
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…

TAXATION
Govt creates legal complications by taxing export processing zone

Govt creates legal complications by taxing export processing zone

The Finance (Supplementary) Bill 2021 or the mini-budget is about to create a legal dilemma for the federal government as for the first time goods being produced at the Export Processing Zone (EPZ) would also…