Tag: Tax Compliance

State Bank Gains Access To Centralized Bank Transaction Data System To Report Transactions Above Rs100 Million

Regulatory NextWallet Desk -
Income Tax Ordinance amendment lets SBP run a central data hub, requiring banks and EMIs to report transactions above Rs100 million for tax matching.

Banks And Electronic Money Institutions To Upload Large Transactions To Central Hub

Regulatory NextWallet Desk -
FBR mandates banks and electronic money institutions to e-upload data on deposits and withdrawals above Rs100 million to a new Central Data Hub for tax matching.

FrieslandCampina Engro Pakistan Goes Live On FBR Digital Invoicing System Through Haball For Improved Compliance

Regulatory NextWallet Desk -
FrieslandCampina Engro Pakistan has joined the FBR Digital Invoicing System through Haball, supporting automated invoicing and tax compliance.

Haball Integrates Midas Safety With FBR Digital Invoicing System To Advance Business Compliance And Automation

FinTech NextWallet Desk -
Haball has integrated Midas Safety with the FBR Digital Invoicing System, supporting automated invoicing, compliance and digital business processes

Pakistan Budget Proposes Massive Reduction in Withholding Tax on International Card Transactions

Regulatory webdesk -
The federal government introduces strict penalties under the Finance Bill 2026 for taxpayers refusing digital integration and POS system deployment.

FBR Proposes Stricter Penalties for Digital Invoicing Non Compliance in Finance Bill 2026 Under IMF Reforms

Regulatory webdesk -
The Federal Board of Revenue will introduce tough penalties in Finance Bill 2026 for digital sales tax invoicing violations to meet IMF reform targets.

FBR Achieves Major Milestone with Integration of 12950 Large Retailers into POS System

Payments webdesk -
The Federal Board of Revenue integrates 12950 major retailers and over 35000 outlets into its real time POS system to enhance tax documentation and transparency.

 FBR Links Over 12000 Major Retailers To POS System Fulfilling IMF Condition

Regulatory webdesk -
The Federal Board of Revenue successfully integrates 12,861 Tier-1 retailers into its POS system to meet IMF documentation requirements and curb tax evasion.

Merit Packaging Goes Live on FBR Digital Invoicing System via Haball

FinTech webdesk -
Merit Packaging Limited integrates with the FBR digital invoicing system through Haball to enhance corporate transparency and digital compliance in Pakistan.

FBR Confirms Implementation of 25% Tax Reduction for Women-Owned Startups in Pakistan

Regulatory webdesk -
Federal Board of Revenue (FBR) officially confirms deployment of 25% tax reduction for startups wholly owned by women entrepreneurs, reinforcing support for female-led businesses in Pakistan’s tax system.

PRAL and LCCI Collaborate to Promote Digital Invoicing Integration for Businesses in Pakistan

Regulatory webdesk -
PRAL, in collaboration with the Lahore Chamber of Commerce & Industry (LCCI), held a successful awareness seminar on FBR’s Digital Invoicing Registration & Integration to help businesses transition smoothly to real-time tax compliance. The initiative marks another milestone in Pakistan’s journey toward a transparent, technology-driven taxation system.

FBR Amends Sales Tax Rules to Enforce Electronic Invoice Integration and Combat Fake Invoicing

Regulatory webdesk -
The Federal Board of Revenue (FBR) has introduced significant amendments to the Sales Tax Rules, focusing on mandatory integration of electronic invoicing systems and granting commissioners authority to suspend registrations for fake invoices, enhancing transparency and compliance in Pakistan’s tax regime.