Navigating Compliance with Section 123A Understanding the Significance of Form-45 Introduction In the complex landscape of financial regulations, Section 123A stands as a crucial component, particularly for organizations seeking to…
Revamping Corporate Tax Policy in Pakistan A Strategy for Economic Growth In Pakistan, the high corporate tax rate of 29%, along with additional levies like a 10% super tax, a…
Exploring the Advantages of Declaring Inactive Company Status Introduction: In the dynamic landscape of business, companies may encounter situations where operations cease temporarily or become dormant due to various reasons…
FBR Records 30% Tax Collection Growth by Mid-February 2024 Pakistan's Federal Board of Revenue (FBR) achieved a significant milestone in tax collection, registering a 30% increase to Rs. 5.150 trillion…
Strategies for Efficient Management of Corporate Legal Requirements Introduction In today’s complex business environment, managing corporate legal requirements is a challenging but essential aspect of operations. Failure to comply can…
FBR Chairman Outlines Implementation Plan for Approved Reforms The Chairman of the Federal Board of Revenue (FBR), Malik Amjed Zubair Tiwana, revealed that the caretaker government has greenlit reforms for…
Tax Professionals Raise Alarm Over Difficulties in Amending Tax Returns Tax practitioners and filers in Karachi are facing significant challenges when trying to revise their submitted tax returns, a crucial…
Understanding and Completing Form C Accurately A Comprehensive Guide Introduction Form C is a critical document for many businesses and individuals, often used for reporting income, claiming deductions, or fulfilling…
ISLAMABAD, February 16, 2024 - The Federal Tax Ombudsman (FTO) of Pakistan has released a critical report exposing significant shortcomings in the Federal Board of Revenue’s (FBR) methodology for assessing…
Navigating Statutory Return Filing Strategies to Avoid Common Mistakes Introduction Statutory return filing is a critical process for individuals and businesses, involving the submission of various types of financial and…
