Alter Your Income Tax Return Within Five Years
The Federal Board of Revenue (FBR) has granted taxpayers to alter their income tax returns within a five-year timeframe from the date of the original filing for a specific tax year.
The Federal Board of Revenue (FBR) has granted taxpayers to alter their income tax returns within a five-year timeframe from the date of the original filing for a specific tax year.
Karachi, April 12, 2024 – The Federal Board of Revenue (FBR) is gearing up to launch an Income Tax General Order aimed at identifying and penalizing non-filers who possess taxable income but have failed to file their income tax returns.
Karachi, April 11, 2024 – The Federal Board of Revenue (FBR) will publicly disclose a list of non-filers and take stringent measures, including the blocking of phone, electricity, and gas connections, as part of its crackdown on tax evasion.
Tax registration with the Federal Board of Revenue (FBR) is an essential step for individuals and entities operating in Pakistan, ensuring compliance with income tax regulations and facilitating the filing of tax returns.
Karachi, April 8, 2024 – In a bid to enhance tax compliance and integrate businesses with the Federal Board of Revenue (FBR), the Regional Tax Office (RTO) – I Karachi undertook midnight operations on Monday.
Karachi, April 8, 2024 – In a significant development, the Federal Board of Revenue (FBR) has unveiled the names of 3.91 million active taxpayers, marking a substantial surge in tax compliance.
The Federal Board of Revenue (FBR) has taken significant steps towards streamlining tax litigation processes by drafting new legislation aimed at expediting the disposal of tax cases.
Claiming income tax refunds in Pakistan has become a streamlined process, ensuring ease and efficiency for taxpayers. The Federal Board of Revenue (FBR), Pakistan’s premier tax authority, has delineated the steps necessary for obtaining income tax refunds.
Karachi, April 6, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced its strong disapproval of recent statements made by the Federal Board of Revenue (FBR) regarding the involvement of tax lawyers in the newly introduced Tajir Dost Scheme, a tax simplification initiative aimed at shopkeepers and traders.
Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.