Latest FBR Tax Reforms 2024: What Businesses Need to Know
The Federal Board of Revenue (FBR) has introduced new tax reforms for 2024, including changes in income tax slabs, digital filing requirements, and penalties for non-compliance. Key updates:
✔ Revised tax brackets for salaried vs. non-salaried individuals
✔ Mandatory e-filing for businesses above Rs. 10M turnover
✔ Higher penalties for late submissions