Jurisdiction & Appointment of Income Tax Authorities in Pakistan A Comprehensive GuideNavigating the tax system in Pakistan can be complex, but understanding the jurisdiction and appointment of income tax authorities is essential for taxpayers. This guide breaks down the hierarchy, powers, and processes governing tax authorities under the Income Tax
Understanding the Taxability of Teachers’ Remunerations in Pakistan: A Closer Look at the Recent Circular In a recent development, the Federal Tax Ombudsman Secretariat in Pakistan has issued a circular that could have significant implications for teachers performing duties with Boards of Intermediate and Secondary Education. The circular, dated March
Update on Sales Tax Return Filing in IRIS The Federal Board of Revenue (FBR) has introduced significant updates to the Sales Tax Return Filing process in the IRIS portal. These changes aim to improve transparency, compliance, and efficiency in the taxation system. Below is a detailed breakdown of the latest
Fixed Tax for Traders Suggested After Tajir Dost Scheme Failure: A Path to Simplified Taxation Karachi, February 28, 2025 – The failure of the much-hyped Tajir Dost Scheme (TDS) has prompted the business community in Pakistan to advocate for a fixed tax regime tailored specifically for traders. This demand has
Taxation on Cash Withdrawals in Pakistan (2025) In 2025, the taxation rules on cash withdrawals from banks in Pakistan have been clearly defined by the government, affecting both tax filers and non-filers. Understanding these regulations can help individuals minimize tax burdens and take advantage of financial benefits available to filers.
Exemption for Properties Under Rs. 50 Lakhs Under the new policy, properties and plots valued below Rs. 50 lakhs as per the District Collector rates are completely exempt from property tax. Whether you own a modest 10-marla house or a one-kanal plot, if its assessed value falls below the threshold,
Jurisdiction & Appointment of Income Tax Authorities in Pakistan A Comprehensive GuideNavigating the tax system in Pakistan can be complex, but understanding the jurisdiction and appointment of income tax authorities…
Understanding the Taxability of Teachers’ Remunerations in Pakistan: A Closer Look at the Recent Circular In a recent development, the Federal Tax Ombudsman Secretariat in Pakistan has issued a circular…
Update on Sales Tax Return Filing in IRIS The Federal Board of Revenue (FBR) has introduced significant updates to the Sales Tax Return Filing process in the IRIS portal. These…
Fixed Tax for Traders Suggested After Tajir Dost Scheme Failure: A Path to Simplified Taxation Karachi, February 28, 2025 – The failure of the much-hyped Tajir Dost Scheme (TDS) has…
Taxation on Cash Withdrawals in Pakistan (2025) In 2025, the taxation rules on cash withdrawals from banks in Pakistan have been clearly defined by the government, affecting both tax filers…
Exemption for Properties Under Rs. 50 Lakhs Under the new policy, properties and plots valued below Rs. 50 lakhs as per the District Collector rates are completely exempt from property…
Latest Developments in Pakistan’s Taxation System: Key Insights for 2025 Pakistan’s taxation system is undergoing significant reforms as the Federal Board of Revenue (FBR) prepares for the fiscal year 2025-26.…
Understanding Pakistan’s E-Invoicing System: A Guide for Businesses In a bid to modernize tax administration and enhance transparency, Pakistan has introduced a new e-invoicing system through SRO No. 69(I)/2025. Pakistan’s…
PTA and FBR: Pioneering Efforts in Mobile Device Regulation The Pakistan Telecommunication Authority (PTA) and the Federal Board of Revenue (FBR) are spearheading a transformative initiative to address mobile device…
FBR Unveils New Policy for Non-Filers in Property Market New Policy For Non-Filers In a move to revitalize the real estate sector, the Federal Board of Revenue (FBR) has introduced…
What is Brokerage and Commission Tax and How it Work? The taxation system remains central to the country since it is responsible of collecting the government revenues as well as…
Section 156 Prize Bond Tax in Pakistan: Implications for Filers and Non-Filers Prize bonds found much popularity as an investment tool in Pakistan; people can invest in prize bonds and…
Understanding Section 153 Income Tax Ordinance Introduction The Income Tax Ordinance of Pakistan defines tax structures more elaborately and section 153 Income Ordinance deals with the payments to non-residents and…
What is Property Tax? A Complete Guide on How to Calculate It! Introduction Property tax is an effective tax paid by property owners in Pakistan. It is also one of…
5 important Tax Tips for Property Owners: Understanding Income Tax on Rental Income in Pakistan Introduction: It is quite remarkable that rental income is still among the most dominant form…
How to File Income Tax Return in Pakistan Introduction In Pakistan, filing income tax returns is a crucial liability of every citizen and also organizations. It may sound like a…
Launching the Single Sales Tax Return for E&P (Oil & Gas) Companies and Microfinance Banks Tax compliance has just become easy to fulfil! Expanding its earlier initiative, the FBR, in…
FBR Decides on Complete Ban on Bringing Commercial Quantities of Goods from Abroad According to the press release, FBR has issued a notification amending the baggage scheme. Lifting import exemption…
Simplify Your Sales Tax Withheld Payments with FBR’s New IRIS System Among changes in the Pakistani taxation regime that has recently gone into effect, the FBR has introduced a solution…
FBR Introduces SOPs for Withholding Tax Challan Creation under Sections 236C & 236K for Holders of POC or NICOP The FBR has now provided Standard operating procedures (SOPs) relating to…
A Guide to Salary Taxation Under Section 149 of the Income Ordinance The most sensitive aspect of income tax compliance is salary taxation. Looking at the laws specifically section 149 of…
Income Tax Ordinance in Pakistan. A complete guide for Taxpayers Introduction Income tax return regulation is a complex process for taxpayers that sometimes becomes a hassle for them. Income tax…
what is filer and non filer in pakistan Introduction In a country’s progress, the taxation system plays an important role. In Pakistan, filer and non filer impact the taxation system…
8 Penalties for Non-Filers According to the Latest 2024 FBR Laws Non-filers will face harsher penalties in Pakistan in 2024 as the FBR (Federal Board of Revenue) implements a more…
