The Federal Board of Revenue has adopted an artificial intelligence-driven strategy to achieve its Rs15.264 trillion tax target. The plan aims to improve tax enforcement while offering relief to selected sectors. Businesses, taxpayers, and the national economy are expected to be directly affected by the initiative. FBR Chairman Rashid Mahmood Langrial said the authority would […]
Digital tax system
Finance Bill proposes major tax and compliance reforms
Islamabad: The federal government has proposed a wide range of tax, compliance and digital enforcement measures in the Finance Bill, with the new provisions expected to take effect from July 1, subject to parliamentary approval. Among the key proposals is a 15-year sales tax exemption for Pakistan International Airlines (PIA) on the purchase of aircraft. […]