The Pakistan Federal Board of Revenue (FBR) has introduced a new tax procedure called the "Tajir Dost (Special) Procedure 2024" aimed at taxing small traders and shopkeepers. This procedure applies starting from 1 April 2024, with advance tax

The Pakistan Federal Board of Revenue (FBR) issued new regulations requiring withholding agents to update their profiles and integrate approved software for transactions subject to withholding tax. The rules, introduced for the Synchronized

On 14 December 2023, the Austrian lower house of parliament (Nationalrat) approved Bill No. 2322 dB on the execution of the Minimum Taxation Directive (2022/2523) to ensuring a global minimum level of taxation for multinational enterprise groups and

On 21 November 2023, the Pakistan Federal Board of Revenue (FBR) released Notification SRO 1588(I)/2023, Which notified that imposed a 40 percent additional tax on windfall profits of banks arising from foreign currency deals throughout 2021 and

On 24 November 2023, the Austrian lower house of parliament (Nationalrat) approved Bill No. 2322 dB for consideration to ensure Pillar 2 global minimum global taxation for multinational enterprise (MNE) groups and large domestic groups in the

On 8 November 2023 the Global Forum published the second-round peer review report assessing Pakistan’s practical implementation of the standard on transparency and exchange of information on request (EOIR). The latest peer review assessment