Islamabad – In a move toward inclusive and collaborative fiscal policymaking, the Federal Board of Revenue (FBR) has invited trade bodies, chambers of commerce, and business associations across Pakistan to submit tax proposals for the upcoming Federal Bud
Introduction In today’s dynamic regulatory climate, managing corporate legal requirements is not only about avoiding penalties—it's a strategic necessity for business continuity, reputation, and investor confidence. For companies operating in Pakistan, w
Introduction In Pakistan’s evolving regulatory framework, Section 123A—read in conjunction with Form-45—has become increasingly important for companies, especially those governed under the Companies Act, 2017 and subject to oversight by the Securities an
Introduction In Pakistan’s dynamic corporate environment, businesses may face periods of inactivity due to market downturns, strategic realignment, or regulatory shifts. Instead of dissolving the entity, companies can opt to declare an inactive status wi
Introduction Pakistan’s corporate tax landscape is facing growing scrutiny from businesses, economists, and foreign investors alike. With a corporate tax rate of 29%, supplemented by a 10% super tax, a 2% Workers' Welfare Fund, a 5% Workers' Participatio
FBR Records 30% Tax Collection Growth by Mid-February 2024 Pakistan’s Federal Board of Revenue (FBR) marked a significant milestone in its revenue performance, recording a 30% increase in tax collection, reaching Rs. 5.150 trillion from July 2023 to mid-
Chairman of the Federal Board of Revenue (FBR), Malik Amjed Zubair Tiwana, confirmed that the caretaker government has formally approved a comprehensive set of reforms for the FBR, with the implementation to be undertaken by the incoming elected governmen
IntroductionIn today’s dynamic regulatory landscape, efficiently managing corporate legal obligations is crucial for business continuity and risk mitigation. Non-compliance can lead to penalties, reputational damage, and operational disruptions. This arti
IntroductionForm C is a crucial tax document used by businesses, professionals, and individuals to declare income, claim deductions, and fulfill tax compliance obligations. Completing Form C accurately is essential to avoid penalties, prevent tax disputes
Karachi — Tax professionals and individual filers are increasingly facing difficulties in revising their filed income tax returns, an essential right under Pakistani tax law for correcting genuine errors or omissions. This issue has drawn concern across t