Understanding the Tax Year in Pakistan
Tax year in Pakistan remains fixed from July 1 to June 30 under the Income Tax Ordinance (Amended 2024). This guide reflects the latest 2025 FBR circulars, including: ✔ New digital application process for special tax years ✔ Revised transitional tax year rules ✔ Updated penalty rates for non-compliance Key 2025 Updates 1. Digital-Only Applications Since March 2025, all special tax year requests must be filed […]
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