Taxlance Consultants

Extension in Date of Payment and Filing of Federal Sales Tax Return. For details refer below:

Launching of Single Sales Tax Portal by FBR. For further details; refer the notification given below:

Federal Government is considering increasing the advance tax on cell phone users. For further details; please refer the article given below:

Rise in advance tax on cell phone users under consideration KARACHI: The federal government is considering increasing the advance tax on telecom users to earn more revenue....

Deadline for digital payments by Corporate sector extended up to December 31, 2021.

Amendment in the Companies (Further issue of Shares) Regulations, 2020 vide SRO 1461(I)/ 2021 dated November 15, 2021 (SRO). Refer the extracts of the SRO given below:

Change in Sales tax on Steel Products vide SRO 1465 of 2021 dated November 15, 2021. For ease of reference, the same is also given below:

Federal Board of Revenue (FBR) is finalizing the procedure for third party tax audits. Refer the article given below:

Third-party tax audit procedure nearly finalized * Taxpayers, including the corporate sector, may directly receive audit notices from third-party auditors for detailed scrutiny of tax affairs of registered persons to be selected for audit

As per the SRO 1450(I)/ 2021 dated November 11, 2021 (The Notification). The Federal Government has reduced the Sales tax rates on Petroleum Products. For revised rates; please refer the notification given below:

POL products: FBR takes notice of delay in issuance of Sales Tax notification ISLAMABAD: The Federal Board of Revenue (FBR) has taken notice of the delay in issuance of sales tax notification on...

LCCI Demands for extension in filing Tax Returns.

LCCI demands extension in IT returns filing deadline LAHORE: The Lahore Chamber of Commerce & Industry has urged the Federal Finance Minister Shaukat Tareen and...

Hi guys as you know that the deadline for filing tax returns has been extended upto October 15, 2021. To become a filer:

Contact us:
+92 321 2714808;
+92 346 3903241; or

Visit our office: 211, 2nd Floor, Balad Trade Centre, Bahadurabad, Karachi.

By becoming a filer you can avail all the benefits as summarized below:

Hi guys as you know that the deadline for filing tax returns has been extended upto October 15, 2021. Become a filer and avail all the benefits as summarized below: