FBR Proposes Digital Tax Return System for Non-Resident Shipping Companies
The Federal Board of Revenue (FBR) has proposed a digital tax return system for non-resident ship owners, charterers and shipping…
FBR Proposes ATL Relief for Late Tax Filers in Pakistan
The Federal Board of Revenue (FBR) has proposed relief for individuals who file their income tax returns after the due…
FBR Proposes 10% Tax Credit on Digital Integration Investments in Pakistan
The Federal Board of Revenue (FBR) has proposed new rules governing tax credits for businesses investing in electronic systems integrated…
FBR Proposes Automated Income Tax Scrutiny with Seven-Day Response Period in Pakistan
The Federal Board of Revenue (FBR) has proposed a new automated income tax scrutiny mechanism to identify errors, legal issues…
FBR Establishes National Faceless Centre: Powers, Functions and Impact on Taxpayers in Pakistan
Pakistan’s Federal Board of Revenue (FBR) has established the National Faceless Centre (NFC) to modernize tax administration through technology-driven audits,…
FBR Suo Motu Powers for Tax Year 2027: Section 122A Explained
The Federal Board of Revenue (FBR) retains supervisory powers under Section 122A of the Income Tax Ordinance, 2001, allowing the…
FBR Assessment Amendment Powers for Tax Year 2027
The Federal Board of Revenue (FBR) can amend or further amend income tax assessment orders where specific legal grounds exist.…
FBR Best Judgement Assessment for Tax Year 2027
The Federal Board of Revenue (FBR) has strengthened the framework for best judgement assessment for Tax Year 2027. Under Section…
FBR National Faceless Centre: New Jurisdiction and Powers
The Federal Board of Revenue (FBR) has introduced a dedicated jurisdiction framework for the National Faceless Centre (NFC), giving specialised…
Finance Division Amends SOE Policy to Strengthen IFRS Compliance
Pakistan’s Finance Division has amended the State-Owned Enterprises (SOEs) Ownership and Management Policy, 2023 to strengthen the implementation of International…