How Pakistan is Combating Tax Evasion to Strengthen Its Economy
The Government of Pakistan is steadfast in its commitment to implementing innovative strategies to improve revenue collection, combat tax evasion,…
TAX NEWS
Supreme Court Protects Taxpayer Rights in Sales Tax Cases
The Supreme Court of Pakistan's landmark ruling has profound implications for the Federal Board of Revenue (FBR) and taxpayers.
CDNS Reduces Profit Rates on Short Term Savings Certificates: December 2024 Update
The Central Directorate of National Savings (CDNS) has announced revised profit rates for Short Term Savings Certificates (STSCs), effective December…
Investigation into Sales Tax Fraud in Pakistan: PM Formed Team
Prime Minister Shehbaz Sharif has formed a high-level inquiry team aimed at investigating the increasing cases of sales tax fraud…
FBR Directs Banks to Operate on Saturdays for Streamlined Tax Collection
The Federal Board of Revenue (FBR) has introduced a significant measure aimed at bolstering tax collection and ensuring seamless financial…
Pakistan’s earned Rs3.38 Trillion Tax Revenue from Mobile Users and other
The Ministry of Finance recently disclosed to the National Assembly that over Rs3.38 trillion in taxes have been collected from…
Supreme Court of Pakistan Classifies Software Payments as Business Income
In a groundbreaking verdict, the Supreme Court of Pakistan has redefined the taxation treatment of software payments.
InvestPak: Transforming Government Securities Investment in Pakistan
The State Bank of Pakistan (SBP) is set to transform the financial landscape of Pakistan with its groundbreaking platform, InvestPak.
Government Revises ADR Tax Formula to Strengthen Revenue Collection
The government of Pakistan is poised to revise its formula for taxing banks based on their advance-to-deposit ratio (ADR).
FBR Retracts Notification on Mobile Phone Restrictions for Travellers
The Federal Board of Revenue (FBR) has recently reversed its earlier notification proposing stringent amendments to the Customs Baggage Rules,…