The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made part of the Bill…
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In a worrying development, the number of active taxpayers has dropped by 30% or 935,000 to just 2.2 million, the…
The Federal Board of Revenue (FBR) has decided to not penalize late filers across the board for technical and non-technical…
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The Federal Board of Revenue further clarified that taxpayers still allowed to file annual income tax returns after the extended…
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Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status. Section 182(1) Offences and penalties –…
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State Bank of Pakistan Action against Bank The State Bank of Pakistan imposed over Rs 271 million penalties on four…
