FBR issues draft income tax return form for individuals
The Federal Board of Revenue (FBR) has issued draft income tax return form for individuals, deriving…
Instructions of State Bank regarding Cost of using Digital Fund Transfer Services
The State Bank of Pakistan on 16th June 2021 issued circular PSD Circular No. 02 of 2021 whereby…
About taxes on corporate income in Pakistan
A resident company is taxed on its worldwide income. Non-resident companies operating in Pakistan…
2 Companies reportedly found Involved in Rs6 Billion Mega Tax Fraud
Public Accounts Committee (PAC) has referred two mega tax fraud cases involving over Rs. 6 billion…
FBR issues clarification on suspicious exemption certificates
Federal Board of Revenue has issued a clarification on a news story titled “FBR issues thousands…
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…
Definition of Tier-1 Retailer under sales tax act 1990
All tier-1 retailers are required to integrate all their POSs with FBR’s computerized system.
Balochistan finance department introduces online tax collection system
The government of Balochistan has installed online tax collection system. This online tax system…
List of sales tax exemptions granted in budget 2021-2022
Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…
FBR launches prize scheme for customers of tier1 integrated retailers
Federal Board of Revenue (FBR)on Monday launched prize scheme for customers of retailers, who…
