- FBR announced stringent penalties for sales tax violations
- Criminal proceedings now separate from civil liability in cases of sales tax evasion
- Harsher punishments for tax fraud, including imprisonment and fines
- Severe consequences for related fraudulent activities such as submitting false documents
- Amendments aim to tackle tax evasion and fraud, maintain tax system integrity
- Government committed to strengthening tax enforcement and compliance
- Taxpayers urged to comply with regulations and maintain accurate records
- FBR to launch awareness campaigns about changes and implications
- Finance Act, 2027, introduced transformative shift in Pakistan’s tax landscape
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
