NIBAF Holds Training on Income Tax Laws and Filing Procedures for Banking Professionals
NIBAF Pakistan organized a one-day training program on income tax laws and filing procedures for officers from SBP and commercial banks, equipping them with practical insights into regulatory compliance and taxation frameworks.
FBR Introduces E-Invoice Integration and Stricter Rules to Curb Fake Tax Invoices
The Federal Board of Revenue has amended the Sales Tax Rules 2006, introducing mandatory e-invoice integration and empowering commissioners to suspend registrations over fake invoices, aiming to boost transparency and compliance.
FBR Amends Banking Schedule to Streamline Taxable Income Reporting for Banks
The Federal Board of Revenue (FBR) has amended the banking schedule of the Income Tax Ordinance 2001 to align banking income with taxable income, introducing provisions on rental expenses, bad debts, and compliance requirements effective July 1, 2025.
FBR Rolls Out 25-Page “Simplified” E-Filing Tax Form for 2025, Invites Feedback on New Rules
Pakistan’s Federal Board of Revenue has introduced a draft 25-page electronic income tax return form for individuals and companies for tax year 2025, inviting public feedback before finalizing the new compliance framework.