FBR Asked to Stop Sending Notices to Dead Citizens

The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to enhance its system to prevent the issuance of notices to deceased individuals during the ongoing crackdown on non-filers of income tax returns. Recently, the FBR introduced a Standard Operating Procedure (SOP) for the deregistration of National Tax Numbers (NTNs) and … Read more

FBR Unveils Guidelines for Online Business Integration Licensing

In a recent development, the Federal Board of Revenue (FBR) has introduced a comprehensive procedure for vendors seeking licenses to operate online business integrations. The FBR issued S.R.O. 1845(l)12023 to amend the Income Tax Rules 2002, signaling a significant move in the realm of digital business operations. Key Highlights: These guidelines signify the FBR’s commitment … Read more

FBR Directs SWAPS Agents to Integrate Fiscal Electronic Devices

The Federal Board of Revenue (FBR) has issued directives to SWAPS Agents (withholding tax agents) to install and integrate fiscal electronic devices and software for conducting transactions subject to withholding tax.  The FBR introduced draft SWAPS rules through S.R.O. 1846(I)/2023 on Friday, outlining the obligations and requirements for the notified SWAPS agents. According to the … Read more