20+ hour, 29+ min ago   (332+ words) The FBR issued S.R.O. 1497(I)/2026 on September 2, 2026, under Section 6A of the Anti-Money Laundering Act (AMLA), 2010. The notification amends the DNFBPs (Regulatory Powers and Functions) Regulations, 2020. Under the notification, the FBR has substituted the existing table in Regulation 3 with a revised table specifying…...

2+ day, 2+ hour ago   (429+ words) FBR outlines conditions for claiming bad debt deductions and sets out tax treatment for subsequent recoveries and consumer loan provisions. ISLAMABAD: The Federal Board of Revenue (FBR) has clarified the rules governing bad debt deductions for Tax Year 2027 under Section…...

2+ day, 2+ hour ago   (495+ words) FBR outlines cash and accrual accounting rules and explains the tax treatment of unpaid liabilities and changes in accounting methods. ISLAMABAD: The Federal Board of Revenue (FBR) has explained the accounting methods to be used for computing taxable business income…...

3+ day, 5+ hour ago   (360+ words) PRA says 5% Punjab Sales Tax applies to specified beauty and aesthetic services and urges consumers to demand digital receipts LAHORE: The Punjab Revenue Authority (PRA) has directed aesthetic clinics, spas, beauty salons and beauty parlours across the province to prominently…...

3+ day, 20+ hour ago   (561+ words) Businesses can claim qualifying scientific research expenditure incurred in Pakistan, subject to conditions under Section 26 of the Income Tax Ordinance, 2001 ISLAMABAD: The Federal Board of Revenue (FBR) has outlined the tax benefit available to businesses for qualifying scientific research expenditure…...

3+ day, 20+ hour ago   (638+ words) FBR sets amortisation rules for intangible assets in Tax Year 2027, including eligibility, 15-year life, disposal and deduction limits. ISLAMABAD: The Federal Board of Revenue (FBR) has outlined the rules governing amortisation deductions for intangible assets while calculating taxable business income…...

4+ day, 20+ hour ago   (443+ words) Tax relief applies to qualifying new depreciable assets placed into business use in Pakistan for the first time ISLAMABAD: The Federal Board of Revenue (FBR) has set out the conditions and categories of assets eligible for an initial allowance under…...

4+ day, 20+ hour ago   (849+ words) Businesses face detailed conditions on eligible assets, depreciation rates, disposal gains and leased property ISLAMABAD: The Federal Board of Revenue (FBR) has laid down detailed conditions for claiming depreciation deductions against business income for Tax Year 2027, covering eligible assets, calculation…...

4+ day, 20+ hour ago   (828+ words) FBR sets out restrictions on business expense deductions, including cash payments, salary, commissions, penalties and digital compliance for 2027. ISLAMABAD: The Federal Board of Revenue (FBR) has outlined a range of expenses and payments that taxpayers cannot claim as deductions when…...

5+ day, 9+ hour ago   (352+ words) The simplified tax initiative offers online Urdu registration, a one-percent turnover tax and relief from routine FBR visits, audits and POS requirements. Minister of State for Finance and Railways Bilal Azhar Kayani has briefed Karachi’s business community on the operationalization…...