Taxation

This circular outlines important amendments to the Sales Tax Act, 1990 (STA), the Federal Excise Act, 2005 (FEA), and the Islamabad Capital Territory (Tax on Services) Ordinan

The Organisation for Economic Co-operation and Development (OECD) published its latest report on tax transparency, highlighting progress made by countries in exchanging i

The Federal Board of Revenue (FBR) in Pakistan is expanding its online tax collection efforts by integrating the entire supply chain of Fast Moving Consumer Goods (FMCG) into

The Federal Board of Revenue (FBR) has introduced a mandate for integrated suppliers to declare all their outlets using the computerized system. Additionally, each point of sa

A recent report from a private news agency highlighted that within the last two years, Pakistan's leading tax authority has identified over 10,000 of its employees as non-file

The Federal Board of Revenue (FBR) has set a deadline of December 6, 2023, for tax officers at or above the BS-17 level to submit certificates proving the e-filing of their ta

The spokesperson for the Federal Board of Revenue (FBR) announced that a total of Rs3,484 billion in taxes had been collected in the initial five months of FY2023-24, with Rs7

KARACHI: Customs Intelligence in Karachi conducted an operation that revealed an attempt to evade Rs 27.5 million in taxes regarding the import of edible oil by Food Links Int

A group from the International Monetary Fund (IMF) arrived in Pakistan to collaborate on tax reforms, focusing on broadening the tax base and increasing revenue. Over the cour

ISLAMABAD: The Federal Board of Revenue (FBR) has directed banks to pay a 40% additional tax on windfall income, profits, and gains earned during the calendar years 2021 and 2