FBR 15-Day Deadline for Discontinued Businesses – Tax Year 2027
The Federal Board of Revenue (FBR) has set a 15-day notification requirement for taxpayers who discontinue their business during Tax…
FBR Foreign Income & Assets Statement for Tax Year 2027
The Federal Board of Revenue (FBR) requires certain resident individual taxpayers in Pakistan to file a Foreign Income and Assets…
FBR Wealth Statement for Tax Year 2027: Key Requirements
The Federal Board of Revenue (FBR) requires resident individual taxpayers to provide a wealth statement and wealth reconciliation statement along…
FBR Section 114C: Restrictions on Non-Filers – Tax Year 2027
The Federal Board of Revenue (FBR) has introduced Section 114C of the Income Tax Ordinance, 2001, establishing restrictions on certain…
Alternative Corporate Tax in Pakistan – Tax Year 2027
Companies in Pakistan may face a tax liability based on more than their conventional taxable income. Under Section 113C of…
FTO Directs FBR to Decide Pending Tax Application Within 20 Days
The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure the timely disposal of a…
FBR to Map Shops Nationwide Under Easy Tax Scheme
The Federal Board of Revenue (FBR) has started a nationwide initiative to map markets and individual shops as part of…
FBR Rules for Sealing Business Premises and Seizing Non-Compliant Goods
The Federal Board of Revenue (FBR) has introduced new procedures for sealing non-integrated business premises and seizing non-compliant goods under…
FBR Faceless Audit for Hidden Assets and Undisclosed Income
The Federal Board of Revenue (FBR) has introduced a faceless audit and assessment framework for cases involving undisclosed income and…
Minimum Tax in Pakistan – Tax Year 2027
Pakistan’s minimum tax regime under Section 113 of the Income Tax Ordinance, 2001 requires certain taxpayers to pay tax based…