FBR Requires Businesses, Schools, Hospitals to Integrate POS System
The Federal Board of Revenue (FBR) has recently issued a directive requiring certain businesses, educational institutions, and hospitals to integrate with a Point of Sale (POS) system in order to streamline their operations and ensure transparency in financial transactions. This move is part of the FBR's…
Umair A R Mughal
FBR introduces updated tax returns forms for 2024
The Federal Board of Revenue (FBR) in Pakistan has recently announced the introduction of new and updated tax returns forms for the year 2024. The aim of these new forms is to simplify the tax filing process for individuals and businesses, while also ensuring greater compliance with…
Income tax filing is a crucial responsibility for all eligible citizens and businesses in Pakistan. It ensures the legal compliance of financial activities and contributes to the country's economic development.
Verification of income tax filers is an essential step in this process, ensuring transparency and accuracy. This long-form article delves deep into the intricacies…
The National Tax Number (NTN) is a unique identification number issued by the Federal Board of Revenue (FBR) to taxpayers in Pakistan. Obtaining an NTN is mandatory for all individuals and businesses liable to pay direct taxes. It serves as a national tax identification and facilitates tax payments and refunds.
This article provides a comprehensive guide…
As an individual or business owner in Pakistan, understanding the income tax return filing process is crucial for ensuring compliance with tax regulations and potentially maximizing your tax savings.
The income tax return filing system in Pakistan has undergone various changes and reforms over the years, making it essential for taxpayers to stay informed and up-to-date…