The Federal Board of Revenue (FBR) recently introduced an update to streamline tax exemptions for non-resident Pakistanis holding Pakistan Origin Cards (POC) or National ID Cards for Overseas Pakistanis (NICOP). This change, brought forward through the Finance Act of 2022, is aimed at simplifying the tax processes for these individuals. Here’s what you need to … Read more
Pakistan’s real estate market has been facing a significant downturn in recent years due to heavy taxation, complex regulations, and limited investment opportunities. However, the Task Force for Housing Sector Development has proposed revolutionary tax reforms for 2025 to revive this crucial sector, attract investment, and strengthen the national economy. Key Tax Reform Proposals The … Read more
Recently, the Federal Board of Revenue (FBR) introduced a significant change to the login system of its tax filing service, IRIS. According to this new policy, all users’ login passwords will expire every 60 days, requiring them to reset their passwords afterward. While this step aims to enhance security, it has also introduced several challenges, … Read more