Archive · Business Recorder
FBR stops processing advance ruling applications
ISLAMABAD: The Federal Board of Revenue (FBR) has stopped publishing the details of advance rulings issued to the foreign investors since 2018 with growing concerns among non-resident investors over non-processing of advance ruling applications filed with the FBR. Tax experts told Business Recorder that the concerns were growing within the tax and investment community over the apparent non-processing of advance ruling applications filed by the foreign investors with the FBR. Although the advance ruling regime was introduced under section 206A of the Income Tax Ordinance 2001 to provide certain...
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