Taxation

Pakistan's economy is showing some positive signs, but there are still several challenges that need to be addressed. On the positive side, tax collection has exceeded the targ

The Federal Board of Revenue (FBR) has launched a Track & Trace System (TTS) for the Tobacco, Sugar, Cement and Fertilizer Sectors from 01-07-2022 to prevent counterfeitin

The Federal Board of Revenue (FBR) has developed a Standard Operating Procedure (SOP) for deregistering the National Tax Number (NTN) or Sales Tax Registration Number (STRN) o

The World Bank (WB) has a report that says Pakistan is not collecting enough taxes. Pakistan is not collecting 737 billion rupees in taxes that it could be collecting. The WB

The World Bank has retracted its recommendation to impose taxes on individuals earning less than Rs50,000, clarifying that the suggestion was based on 2019 data. The move com

The World Bank has suggested that Pakistan should impose taxes on monthly salaries below Rs50,000 and reduce the income threshold for the highest income tax rate of 35% from s

ISLAMABAD: The Federal Board of Revenue (FBR) has outperformed expectations by collecting Rs2,041 billion in the first quarter of the current fiscal year, surpassing the desig

A long-standing dispute in Poland regarding the classification of electric vehicle charging for VAT purposes has been resolved, with the Court of Justice of the European Union

Non-residents in Spain can now pay their tax debts by direct debit from a foreign bank account in the SEPA Zone. This new option makes it easier and more convenient for non-re

The Iranian Ambassador to Pakistan and the Chairman of the Federal Board of Revenue (FBR) met to discuss matters pertaining to customs, effective border management, and the sm