UAE Introduces E-Invoicing System to Streamline Tax Collection
DUBAI: The UAE has introduced an e-invoicing system aimed at transforming tax collection and record-keeping for businesses, marking a significant step toward digital innovation in the financial sector. The Ministry of Finance (MoF) has issued Federal Decree-Law No. 17 of 2024, which amends key provisions of Federal Decree-Law No. 28
Sindh to Launch Online Vehicle Registration and Transfer Services Next Year
The Sindh government has announced that from January 1, 2025, vehicle registration and transfer services will be accessible online, allowing citizens to complete these processes from their homes. The decision, aimed at improving public convenience, was taken during a meeting chaired by Sindh Senior Minister Sharjeel Inam Memon. Read More: Peshawar
FBR to raise immovable property rates by up to 75%
The Federal Board of Revenue (FBR) is set to increase property valuation rates by up to 75% today, bringing them closer to market values. Sources have revealed that the revised values are expected to be notified after receiving clearance from the Law and Justice Division. The FBR had been given
What does Pakistan need to do to get a fresh bailout package from IMF?
Pakistan’s economic managers are currently grappling with three pressing issues to stabilize the economy and achieve growth. Engaging with the IMF To navigate these challenges, the economic managers are actively engaging with the International Monetary Fund (IMF). They aim to convert ongoing discussions into formal talks for a new bailout
IMF recommends Pakistan to increase GST to 18 pc
WEB DESK: The International Monetary Fund (IMF) has proposed that Pakistan elevate its general sales tax (GST) to 18 per cent, as disclosed in recent discussions between the IMF delegation and Pakistani authorities regarding a potential new loan arrangement. During four extensive rounds of talks, the IMF mission expressed concerns
FBR faces major upheaval: big changes as top officers removed, tax targets at risk
Prime Minister Shehbaz Sharif approved a drastic overhaul of Pakistan’s tax collection agency, the Federal Board of Revenue (FBR). Abrupt Changes at FBR The FBR underwent sudden changes at the top, raising concerns about its ability to meet annual tax collection targets. Concerns Over Tax Collection Questions arise about FBR’s
