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TAXATION
FBR authorized to appoint special panels for tax audit

FBR authorized to appoint special panels for tax audit

Under Section 32A of Sales Tax Act, 1990 FBR is authorized to appoint special panels for conducting sales tax audit. The Federal Board of Revenue (FBR issued the Sales Tax Act, 1990 updated up to…

UPDATES
FBR decides to Audit Over 50,000 Income Tax Cases of 2019

FBR decides to Audit Over 50,000 Income Tax Cases of 2019

The Federal Board of Revenue (FBR) has decided to select over 50,000 income tax cases of the tax year 2019 for audit, reflecting an extraordinary increase of 36,000 cases as compared to more than 14,000…

UPDATES
FBR nearly finalized procedure for third party audit of taxpayers

FBR nearly finalized procedure for third party audit of taxpayers

Taxpayers, including the corporate sector, may directly receive audit notices from third-party auditors including chartered accountant firms for complete audit of the tax affairs of taxpayers to be selected for audit. Federal Board of Revenue…