The Government of Punjab, Finance Department, issued a notification dated December 2, 2024, stating that various pension increases given from prior years would be discontinued. That means the future retiring employees will not get the pension increases they were granted…
The Punjab government, Finance Department, issued a notification on 2 December 2024, regarding amendments in the Punjab Civil Servants Pension Rules 2024. More important changes included the Voluntary Retirement Reduction Factor, the calculation of the 3-year average of Basic Pay,…
As a step in immense benefit to overseas Pakistanis, the Federal Board of Revenue (FBR) has allowed the exemption of advance income tax on property transactions made or received in Pakistan. Thus it has exempted non-residents from payment of advance…
The income tax rates for salaried individuals in Pakistan have been changed every year from 2021 to 2025. It show the changes in the fiscal policies of the government for a salary individual. With the Finance Act 2024, which was…
In an effort to make the tax payment process more convenient for the tax payers, the Federal Board of Revenue (FBR) has introduced a new e-payment option on the IRIS portal allowing the direct payment of taxes through the said…
Annual Biometric Verification Now Required for Sales Tax in Pakistan. The Federal Board of Revenue (FBR) Pakistan has recently rolled out an advisory for all sales registered businesses to go for Biometric verification once every year. This was not so…
Do you want to know how to file sales tax return on PRA new portal? Well, this article will help you in understanding sales tax return on PRA new portal. Submitting sales tax returns in PRA is an important part…
Reporting income is one of the principal requirements of tax compliance under Pakistani laws. The FBR asks taxpayers to update source through IRIS. In this article you will learn how you can update your source of income on IRIS. Steps…
Understanding the Active Taxpayers List 2024 and New Developments If you want to know how to change late filer status to active status in Pakistan then this article will help you a lot. This is the list of active taxpayers…
Establishment in Pakistan, when used in reference to the Pakistan Army, implies a wider power structure that shapes the critical political, economic, and security decisions in the country. This power structure is understood to be chief among the Pakistan Army,…