Author: Tayyab

The Federal Board of Revenue (FBR) recently issued SRO No. 350/(I)/2024 on March 7 to further record tax tasks and boost compliance, according to a letter from PTBA to Federal Finance Minister Muhammad Aurangzeb. But after reviewing the SRO, the PTBA identified a number of issues that they feel need immediate fix. Although the Bar acknowledged the FBR’s efforts and understood the significance of digitization, they contended that the new SRO does not sufficiently take into account a few key factors. The Bar forewarned in a letter that failure to address these issues could compromise economic activity and negatively affect…

ISLAMABAD: The government wants to increase income production and document the enterprises in the nation, therefore the Federal Board of income (FBR) has established the Tajir Dost Scheme 2024 to bring small dealers and shops into the tax net. The top tax body has also released an SRO in this regard, declaring that all traders and shopkeepers operating through a fixed place of business—a store, shop, warehouse, office, or other physical location—located within the territorial civil limits, including cantonments, will be registered under the scheme. These individuals are referred to as business premises. In Karachi, Lahore, Peshawar, Quetta, Islamabad, and…

The Tax Law (First Amendment) Ordinance 2024, which would eliminate the position of Commissioner Inland Revenue (Appeals), has been finalised by the Federal Board of Revenue (FBR) in this respect. In order to accelerate ongoing cases at the level of Commissioner Inland Revenue Appeals, the aforementioned 120-day period has been decided. “The elimination of the Commissioner’s position will not enhance ATIR’s operations,” tax advisors write to FBR. The relevant sections of the Federal Excise Act of 2005, the Sales Tax Act of 1990, and the Income Tax Ordinance of 2001 would be amended by the Tax Law (First Amendment) Ordinance…

To understand the new smart watched and other pro devices of recent focus, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Diana saves Steve Trevor who has crashed on Themyscira. He warns her of the great war, World War I, raging across the globe. Wonder Woman…

To understand the new smart watched and other pro devices of recent focus, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Diana saves Steve Trevor who has crashed on Themyscira. He warns her of the great war, World War I, raging across the globe. Wonder Woman…