The Federal Board of Revenue (FBR) can analyze the top 5% of taxpayers through a systematic and data-driven approach. Here’s how they might accomplish it: 1. Utilizing Income and Asset Data 2. Sectoral Analysis 3. Data Mining and AI Tools 4. Cross-Verification 5. Monitoring High-Value Transactions 6. Taxpayer Segmentation 7. Audits and Surveys Benefits of … Read more
اسلام آباد: فیڈرل بورڈ آف ریونیو (ایف بی آر) نے اپیلٹ ٹربیونلز میں تعینات ان لینڈ ریونیو افسران کی تقرری ختم کرنے کی تجویز دے دی ہے۔ اس اقدام کا مقصد مفادات کے ٹکراؤ کو روکنا اور عدالتی عمل کو زیادہ غیر جانبدار بنانا ہے، اے آر وائی نیوز نے ذرائع کے حوالے سے رپورٹ … Read more
FBR’s major crackdown on tax evasion: 190,000 notices issued, Rs7.1 trillion tax gap targeted, and a stern warning to non-compliant taxpayers! The recent statement by FBR Chairman Rashid Mahmood Langrial underscores the growing urgency to address Pakistan’s chronic tax evasion problem. While the announcement reflects a much-needed focus on accountability and systemic reform, several critical … Read more
Tax Law (Amendment) Bill, 2024: stricter compliance for non-filers, restrictions on property and bank transactions, real-time tax reporting, and enhanced enforcement measures to curb tax evasion 1. Title and Commencement 2. Amendments to the Sales Tax Act, 1990 3. Amendments to Islamabad Capital Territory (Tax on Services) Ordinance, 2001 4. Amendments to the Income Tax … Read more