FBR introduces requirements for Companies / AOPs to furnish Ownership Data
The Federal Board of Revenue has introduced new amendments to the Income Tax Rules, 2002 via a draft proposal on Feb 28, 2023. The new rules will be specifically related to the record-keeping of beneficial owners. Beneficial ownership refers to the individuals who ultimately have control over a company or an Association of Persons (AOP) or who […]
Sindh Sales Tax on Services (Amendment) Act 2021: Key Changes and Impact on Businesses
Hey there, business owners! Have you checked out the latest updates to the Sindh Sales Tax on Services Act? The Sindh Sales tax on Services (Amendment) Act, 2021 has brought some important changes that you definitely need to know about, as they could affect your business’s finances and operations. First up, there’s a new term you should […]
A simple guide to claiming Income Tax Refunds
To receive your tax benefits, it’s crucial to understand how to file your income tax refund. You can follow the instructions in this guide on how to claim your income tax refund step-by-step and learn about key requirements and concerns. Step 1: File Your Income Tax Return Electronically: Filing your Income Tax Return electronically is […]
