In a major step to fight tax evasion, the federal government has decided to raise fines for non-compliant shopkeepers from Rs0.5 million to Rs5 million in the upcoming budget. The Federal Board of Revenue (FBR) shared this plan during a Senate Finance Committee meeting, saying the goal is to register seven million retailers through the […]
The federal government
IMF condition met: Pakistan establishes directorate to address tax issues
The federal government has approved the creation of new offices at the Federal Board of Revenue (FBR) Headquarters to tackle tax evasion. This move fulfills another condition set by the International Monetary Fund (IMF). A formal notification has been issued regarding the establishment of a Directorate for Special Measures, led by the Director General and […]