The International Monetary Fund (IMF) has rejected Pakistan’s proposal to offer significant tax relief for Salaried Class in the upcoming budget, arguing that the suggested measures would undermine revenue goals. Pakistan…
The Federal Board of Revenue (FBR) is optimistic about recovering Rs. 250 billion currently entangled in legal disputes within the next two months, according to official sources speaking to NetMag….
Cryptocurrencies remain outside Pakistan’s tax framework due to the absence of clear laws under the Federal Board of Revenue (FBR), according to Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah….
Two major telecom companies—Telenor Pakistan and Deodar Pakistan (a subsidiary of Jazz)—have agreed to settle outstanding tax liabilities totaling Rs26 billion with the Federal Board of Revenue (FBR). This decision…
A heated debate has erupted between lawmakers and the IT sector over allegations of textile companies falsely claiming IT export status to benefit from significantly lower tax rates. During a…
Procurement Freeze Until Official Recommendations The Federal Board of Revenue (FBR) has put the purchase of 1,010 vehicles on hold, awaiting the final decision based on the recommendations of the…
The Regional Tax Office 1 (RTO-1) Karachi, under the Federal Board of Revenue (FBR), has launched action against four wedding halls for failing to comply with Section 236CB of the…
Taxpayers will soon be able to apply for a change of tax jurisdiction online, thanks to a new module being developed by the Federal Board of Revenue (FBR) following recommendations…
The Federal Board of Revenue (FBR) is preparing to introduce new enforcement measures targeting compliant taxpayers, restricting them to an annual cash withdrawal limit of Rs. 30 million. Tax filers…
Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood, issued new directives on Tuesday regarding the postings and transfers of operational staff (BS 01-16) within the Inland Revenue (IR)…
