If you are in Pakistan or non-resident Pakistani having bank accounts or other assets or source of income in Pakistan then you must have heard the term ‘Filer’.

FBR on 02 August 2016, notified fair market valuation rates for levy and collection of tax on sale and purchase of immovable properties.

Since the launch of FBR IRIS registration module there has been a problem of registering non-resident taxpayers. FBR on 12th May 2016 proposed amendment in rule 80B of the Income Tax Rules, 2002. Where by clause q of sub rule…

Keeping in view the hardships faced by the widows and senior citizens, Bahbood Savings Certificates (BSCs) with a 10-years maturity period were launched by the Government of Pakistan on July 30, 2003. Initially, BSC was meant for widows only; however,…

Modification in e-filling of sales tax return If you are person responsible for tax function of any organization (size and form of the organization doesn’t matter), whether it’s a public listed company or a sole proprietorship both face the same…

FBR has introduced electronic method of registration through IRIS. However this is applicable for persons not having National Tax Number. If you intend to obtain new registration number please refer to our post on How to Obtain National Tax Number…

What is wealth statement? Wealth statement is divided in two parts Statement of net assets Reconciliation of net assets Statement of net assets It is a list of all assets and liabilities [personal as well as business] as at the…

What is Income Tax Return? Income tax return is a summarized form issued by FBR every year. The form is used to fill all the information relating to Income earned during any tax year Expenses incurred to earn that income…

Registration for Income Tax and Sales tax for Association of Person (AoP) and Company is now processed through FBR IRIS facilitation desk. It means one cannot initiate the process directly from e-portal. How to apply new registration for Individual Taxpayer

You must have heard non-filer or filer most commonly used now days, especially if you are in a Bank, Motor vehicle or property registration authority office. Lets talk something about this hot issue.