Karachi, November 26, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing transparency and accuracy in tax reporting by issuing a detailed list of particulars required for claiming depreciation deduction during the tax year 2024.
Karachi, November 26, 2023 – The Commissioner Inland Revenue has been bestowed with suo moto powers to call for records during the tax year 2024.
Karachi, November 25, 2023 – The Federal Board of Revenue (FBR) has enforced new restrictions on the deduction of entertainment expenditures when computing corporate taxes for the tax year 2024.
Karachi, November 25, 2023 – The caretaker government finds itself in a challenging situation following the recent announcement of a windfall tax on banks, as the amendment necessitates approval from the National Assembly.
Karachi, November 25, 2023 – Pakistan has declared a relaxation period for Afghan transit goods, alleviating some of the conditions previously imposed, including the requirement for bank guarantees.
Karachi, November 25, 2023 – The Federal Board of Revenue (FBR) has recently issued guidelines outlining the method for computing tax on salary income for the upcoming tax year 2024.
Karachi, November 24, 2023 – The withholding tax collection from dividend income has experienced a remarkable increase of 32 percent during the initial four months (July – October) of the fiscal year 2023-24, according to provisional data from the Large Taxpayers Office (LTO) in Karachi.
Karachi, November 24, 2023 – The Federal Board of Revenue (FBR) has announced that the offices of Inland Revenue will remain open on Saturday, November 25, 2023 to facilitate tax payment.
Islamabad, November 24, 2023 –Pakistan has developed a new documentation law aimed at bringing wholesalers and retailers under the tax net.
Karachi, November 23, 2023 – The Sindh Revenue Board (SRB) sealed two branches of the renowned M/s. Red Apple restaurant on Thursday for non-compliance with the mandatory requirement of point-of-sale (POS) integration.