Pakistan Enforces Requirement of Beneficial Owner Details
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a significant directive, making it mandatory for businesses to display their National Tax Number (NTN) at their respective places of operation during the tax year 2024.
Karachi, December 15, 2023 – The Federal Board of Revenue (FBR) in Pakistan has announced significant updates to the Income Tax Rules, 2002, for the tax year 2024, emphasizing that individuals required to file income tax returns will now be considered as registered entities.
Karachi, December 14, 2023 – The Federal Board of Revenue (FBR) in Pakistan has unveiled a groundbreaking solution to address concerns related to the electronic service of notices.
Karachi, December 13, 2023 – The Federal Board of Revenue (FBR) has issued updated rules for the collection of advance tax on the sale of air tickets during the tax year 2024.
Karachi, December 12, 2023 – Issuance of tax collection certificates has been made mandatory for withholding agents during tax year 2024.
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) has issued procedure for release of tax exemption certificates to non-residents during tax year 2024.
Karachi, December 10, 2023 – Federal Board of Revenue (FBR) has empowered tax officials with free access for monitoring imported goods during tax year 2024.
Karachi, December 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by acquiring monthly information on account holders with deposits in banks.
Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has announced the mandatory requirement of record keeping for salaried individuals as part of the updated Income Tax Rules, 2002 for the tax year 2024.