Income Tax Ordinance
No Tax on Cash Sales Over Rs. 200K, Clarifies FBR
The Federal Board of Revenue (FBR) has officially denied imposing a 20.5% tax on cash transactions exceeding Rs. 200,000. This clarification comes amid widespread confusion…
Jazz Hit with Rs. 22 Billion Fine in Historic Court Ruling, IHC sides with FBR
A significant ruling by the Islamabad High Court, led by Justice Babar Sattar, has sided with the Federal Board of Revenue (FBR) in a tax…
FBR Gains Direct Tax Recovery Powers Under New Ordinance
President Asif Ali Zardari has enacted the ‘Tax Laws (Amendment) Ordinance, 2025.’ The ordinance grants sweeping powers to the Federal Board of Revenue (FBR). It…
