Taxation

The Federal Board of Revenue (FBR) has finalized a plan to impose taxes on retailers nationwide, aiming to expand the tax base. Initially, the tax will be applied to retailers

Empowering FBR to combat tax evasion and expand the tax net, the Finance Act 2020 introduced Section 175A in the Income Tax Ordinance, 2001. Taking a groundbreaking step, the

The Federal Bureau of Revenue (FBR) in Islamabad disclosed a Rs 16 billion financial scandal linked to the import of solar panels. The FBR's report highlighted illegal imports

The Federal Board of Revenue (FBR) made history in December 2023, amassing Rs1.021 trillion in collections. After adjusting Rs38 billion in refunds issued during the month, th

The Federal Board of Revenue (FBR) has reportedly issued notices to more than 8 million individuals who have not filed taxes, as per sources within the tax collection agency.

In a surprise move, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a thorough audit of Watim Medical College, which has suspiciousl

The Federal Board of Revenue (FBR) issued a warning regarding potential penalties for individuals who fail to file income tax returns, including the suspension of bank account

Iftikhar Ali Malik, the former President of SAARC Chamber of Commerce and Industry, commended the exemplary services offered by Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Ja

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