The Federal Board of Revenue (FBR) has introduced a significant development in Pakistan’s taxation framework through its latest directive, SRO 1771(I)/2023. This move is not […]
The Evolution of Tax Culture in Pakistan
Tax culture refers to the prevailing attitudes, behaviors, and beliefs about taxation within a particular society. It encompasses the general perception of taxes, the relationship […]
A Breakdown of the FY 2019–2020 Federal Budget
The federal budget for the financial year 2019–2020 was presented with a focus on economic stabilization and structural reforms. The government projected a GDP growth […]
National Savings and the Tax Trap: A Costly Trade-Off
Budget 2022-23 represents a continuation of a pattern seen in several past fiscal plans, where tax rates have consistently increased, and exemptions have been withdrawn, […]
FBR Unveils Incentives to Boost Pakistan’s IT Sector
The Federal Board of Revenue (FBR) has historically functioned as the primary revenue collection body for the Government of Pakistan. However, recent initiatives have shown […]
Tax Evasion Penalty: SIM Cards of Non-Filers to Be Deactivated
The Federal Board of Revenue has taken a significant step to enforce tax compliance by announcing the impending deactivation of SIM cards belonging to individuals […]
Sindh Sales Tax on Services 2021 Reforms: What Businesses Need to Know
The Sindh Sales Tax on Services (Amendment) Act 2021 introduced several significant changes that have a direct impact on businesses operating within the province. These […]
Legit Ways to Save on Taxes: A Guide to Exemptions and Concessions
Taxation is an essential function of any government, but within the framework of tax laws, various provisions allow certain individuals, institutions, or types of income […]
How to Export Pakistani Leather Products on Amazon: A Complete Guide
Pakistan’s leather and leather goods industry has witnessed a significant surge in global demand, indicating a promising future for individuals looking to venture into the […]
Step-by-Step Guide to Handling FBR Notices
FBR notices are official communications issued by the Federal Board of Revenue in Pakistan to taxpayers, seeking clarification, documents, or compliance regarding tax matters. Receiving […]
FBR Achieves Historic Tax Collection of Rs. 6.1 Trillion
In the fiscal year 2021–2022, the Federal Board of Revenue (FBR) achieved a landmark in tax collection by securing Rs. 6.1 trillion. This figure surpassed […]
Steps Taken by FBR to Ease Taxpayer Compliance
The Federal Board of Revenue (FBR) plays a critical role in the economic framework of Pakistan. As the primary tax collection authority, its mandate is […]
Phasing Out Minimum Tax for Listed Firms: What It Means for Corporations
The minimum tax regime in Pakistan has long been a part of the country’s tax framework, intended to ensure that companies with high revenues contribute […]
Finance (Supplementary) Bill 2021: How It Will Affect Commodity Prices
The Finance (Supplementary) Bill 2021 was introduced as a policy move aligned with Pakistan’s broader economic commitments, particularly those tied to the International Monetary Fund’s […]
Unified Sales Tax Return Filing: Exploring the New Portal
The Federal Board of Revenue introduced a major reform in Pakistan’s tax system by launching the Single Sales Tax Return Portal. This initiative represents a […]