The Federal Board of Revenue is likely to introduce some major changes in the existing sales tax adjustment procedure by proposing amendments to the Sales Tax Act 1990 to put in place a preventive ...
As the fiscal year comes to a close, the Khyber Pakhtunkhwa Revenue Authority (KPRA) has written a letter to the Federal Board of Revenue to release claims of Rs 1.9 billion under input tax ...
The Supreme Court of Pakistan has declared tax orders issued by the Federal Board of Revenue (FBR) after the expiry of the legally prescribed time limit as unlawful, emphasizing that under the Sales ...
A recent audit report has revealed a shocking Rs662.7 billion loss in Pakistan’s tax system during the 2023–24 fiscal year. The Auditor General of Pakistan released these findings in its latest audit ...
ISLAMABAD: Amid mounting pressure from the business community over sweeping powers granted to tax officials under Sections 37A and 37B of the Sales Tax Act, the Federal Board of Revenue (FBR) has ...
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