FBR plans digital invoicing, audits as tax gap hits Rs7tr – DAWN.com
ISLAMABAD: The country's tax revenue shortfall ballooned to a staggering Rs7 trillion in the last fiscal year (FY24), up from Rs1,289 billion in FY22, Dawn learned from sources, highlighting the urgent need to strengthen tax compliance to meet IMF targets. This significant increase, almost equal to the Federal Board of Revenue's (FBR) total collection for […]
FBR mulls options to rope in traders into tax net – Geo News
The FBR has announced a simplified fixation scheme based on valuation of stores, which aims to generate tax revenue for 3.6 million retailers. A man carries a bag on his shoulder as he walks through a market in Karachi, Pakistan, on June 11, 2024, to deliver supplies to a nearby store. — Reuters […]