Jurisdiction & Appointment of Income Tax Authorities in Pakistan
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 Ordinance , ensuring you have […]
Understanding the Taxability of Teachers’ Remunerations in Pakistan: A Closer Look at the Recent Circular
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 6, 2025, addresses the taxability […]
Update on Sales Tax Return Filing in IRIS
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 modifications: Key Updates in Annexures […]
Fixed Tax for Traders Suggested After Tajir Dost Scheme Failure
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 gained significant traction as traders […]
Taxation on Cash Withdrawals in Pakistan (2025)
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. Tax on Cash Withdrawals When […]
Exemption for Properties Under Rs. 50 Lakhs
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, you won’t have to pay […]
Latest Developments in Pakistan’s Taxation System
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. With initiatives ranging from anti-smuggling crackdowns to electronic invoicing mandates, these changes are reshaping the country’s tax landscape. This article explores the latest updates, their […]
Understanding Pakistan’s E-Invoicing System
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 e-invoicing system represents a significant shift in how businesses report sales transactions and comply with tax regulations. Whether you’re a retailer, wholesaler, importer, or manufacturer, […]
PTA and FBR: Pioneering Efforts in Mobile Device Regulation
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 compliance through the Device Identification, Registration, and Blocking System (DIRBS). This partnership reflects a concerted effort to modernize Pakistan’s digital ecosystem while fostering public awareness […]
FBR Unveils New Policy for Non-Filers in Property Market
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 a new policy allowing non-filers to purchase property worth up to Rs. 1 crore without inquiries into their source of funds. This initiative aims to […]
Launching the Single Sales Tax Return for E&P (Oil & Gas) Companies and Microfinance Banks
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 coordination with all the Provincial Revenue Authorities, is gradually enhancing the Single Sales Tax Return SSTR, a step further in the ease of doing business. […]
FBR Decides on Complete Ban on Bringing Commercial Quantities of Goods from Abroad
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 restrictions of the imported duty-free goods. In the new regulations, people will be allowed to import one mobile phone for personal use from abroad only. […]
Simplify Your Sales Tax Withheld Payments with FBR’s New IRIS System
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 known as IRIS e-Payment System. The following terms are to be met in conjunctions to include the Sales Tax Withheld (STWH) whereby it has to […]
FBR Introduces SOPs for Withholding Tax Challan Creation under Sections 236C & 236K for Holders of POC or NICOP
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 the preparation of the withholding tax challans under section 236C and section 236K of the IT Ordinance 2001 for the holders of the Pakistan Origin […]
A Guide to Salary Taxation Under Section 149 of the Income Ordinance
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 The Income Ordinance there is a lot of detail on the manner in which taxes are supposed to be withheld from the salaries to ensure […]