BTaxFiler

13/05/2026

IMPORTANT TAX UPDATE FOR LOCAL BUSINESSES 🚨

FBR's SRO 428(I)/2024 is now in effect. Notices are being issued.

Affected sectors include:

Doctors,
dentists,
veterinarians,
photographers,
event managers,
AC beauty parlors,
diagnostic labs (X-ray, CT, MRI),
AC transport (5+ vehicles),
private schools (fee > Rs 1,000),
AC restaurants,
hotels,
marriage halls,
gyms,
courier services,
exchange companies,
and chartered accountants.

Key changes:

• Medical threshold reduced from Rs 1,500 to Rs 500 (67% lower)
• Event threshold reduced from Rs 100,000 to Rs 50,000 (50% lower)
• Transport threshold reduced from 10 to 5 vehicles (50% lower)
• Beauty parlors and diagnostic labs are now explicitly covered

Penalties for non-compliance:

• Up to Rs 1,000,000 for non-installation
• Rs 200,000 + Rs 10,000 per day for non-integration
• Bank account attachment under Section 140 (no court order required)
• Imprisonment up to 5 years for wilful evasion

If you received a notice:

DO NOT ignore it.
Reply within 7-15 days.
Verify whether your business actually meets the threshold.
Challenge excessive

Contact us for assistance with replies, appeals, or stay applications.


Call us today for a consultation

13/05/2026

IMPORTANT TAX UPDATE FOR LOCAL BUSINESSES 🚨
FBR's SRO 428(I)/2024 is now in effect. Notices are being issued.
Affected sectors include:
Doctors, dentists, veterinarians, photographers, event managers, AC beauty parlors, diagnostic labs (X-ray, CT, MRI), AC transport (5+ vehicles), private schools (fee > Rs 1,000), AC restaurants, hotels, marriage halls, gyms, courier services, exchange companies, and chartered accountants.
Key changes:
• Medical threshold reduced from Rs 1,500 to Rs 500 (67% lower)
• Event threshold reduced from Rs 100,000 to Rs 50,000 (50% lower)
• Transport threshold reduced from 10 to 5 vehicles (50% lower)
• Beauty parlors and diagnostic labs are now explicitly covered
Penalties for non-compliance:
• Up to Rs 1,000,000 for non-installation
• Rs 200,000 + Rs 10,000 per day for non-integration
• Bank account attachment under Section 140 (no court order required)
• Imprisonment up to 5 years for wilful evasion
If you received a notice:
DO NOT ignore it. Reply within 7-15 days. Verify whether your business actually meets the threshold. Challenge excessive
Contact us for assistance with replies, appeals, or stay applications.


Call us today for a consultation

13/05/2026

🚨 IMPORTANT TAX UPDATE FOR LOCAL BUSINESSES 🚨

FBR's SRO 428(I)/2024 is now in effect. Notices are being issued.

Affected sectors include:
Doctors, dentists, veterinarians, photographers, event managers, AC beauty parlors, diagnostic labs (X-ray, CT, MRI), AC transport (5+ vehicles), private schools (fee > Rs 1,000), AC restaurants, hotels, marriage halls, gyms, courier services, exchange companies, and chartered accountants.

Key changes:
• Medical threshold reduced from Rs 1,500 to Rs 500 (67% lower)
• Event threshold reduced from Rs 100,000 to Rs 50,000 (50% lower)
• Transport threshold reduced from 10 to 5 vehicles (50% lower)
• Beauty parlors and diagnostic labs are now explicitly covered

Penalties for non-compliance:
• Up to Rs 1,000,000 for non-installation
• Rs 200,000 + Rs 10,000 per day for non-integration
• Bank account attachment under Section 140 (no court order required)
• Imprisonment up to 5 years for wilful evasion

If you received a notice:
DO NOT ignore it. Reply within 7-15 days. Verify whether your business actually meets the threshold. Challenge excessive

Contact us for assistance with replies, appeals, or stay applications.



Call us today for a consultation.

11/05/2026

🚀 Starting a new business in Pakistan? One of the first crucial steps is company registration. Many entrepreneurs overlook the importance of proper registration, risking legal issues and operational delays.

Our expert team simplifies the company registration process, ensuring your business is compliant with all legal requirements under Pakistani law. From documentation to registration submission, we handle it all.

Secure your business foundation today—trust us to guide you every step of the way. Schedule your consultation now! 📌

07/05/2026

🚨 Major Tax Development in Pakistan 🚨

The Supreme Court of Pakistan has announced its short order declaring Section 7E as ultra vires the Constitution. While the detailed reasons are yet to be recorded in the written judgement, this development may have significant implications for taxpayers, property owners, and ongoing tax matters across Pakistan.

Businesses, investors, and taxpayers should stay updated as the detailed judgement could shape future tax litigation and compliance strategies.

📌 Our team at BTaxFiler is closely monitoring the matter and will share a detailed analysis once the complete judgement is released.

01/05/2026

Are you struggling to navigate the complexities of tax regulations in Pakistan? 🤔 At BTaxFiler, we specialize in demystifying the tax landscape, ensuring your business remains compliant while maximizing savings. Understanding your tax obligations can help you avoid penalties and improve your financial health.

Let’s make tax season stress-free!

What are your biggest challenges when it comes to taxes? Comment below!

✅

👉 Connect with us to learn more about how we can assist your business!

26/04/2026

⚠️ SECP Deadline Alert: Form-19 (UBO) Penalties Now Active

If you think filing Form-19 with the SECP is optional, think again.

The SECP has issued a fresh reminder:
👉 Every company MUST file Form-19 (Declaration of Ultimate Beneficial Ownership) along with its annual return via the eZfile portal.

📌 Legal basis:
Section 123A – Companies Act, 2017 + Regulation 48 – Companies Regulations, 2024

🚨 Penalties for non-submission (Section 123A(3)):

Directors/officers: Up to PKR 1 Million
Company: Up to PKR 10 Million
Even if you’ve already filed your annual return, missing Form-19 makes you non-compliant.

✅ Already filed? Ignore this.
❌ Overdue? You need to act immediately.

I help companies:

Identify UBOs as per SECP rules
Prepare & file Form-19 correctly
Avoid costly penalties
📩 DM me “UBO” for a quick compliance check or filing support.

🔁 Repost to warn your network.
Follow me for real-time SECP, corporate, and tax updates.

25/04/2026

⚠️ SECP Deadline Alert: Form-19 (UBO) Penalties Now Active

If you think filing Form-19 with the SECP is optional, think again.

The SECP has issued a fresh reminder:
👉 Every company MUST file Form-19 (Declaration of Ultimate Beneficial Ownership) along with its annual return via the eZfile portal.

📌 Legal basis:
Section 123A – Companies Act, 2017 + Regulation 48 – Companies Regulations, 2024

🚨 Penalties for non-submission (Section 123A(3)):

Directors/officers: Up to PKR 1 Million
Company: Up to PKR 10 Million
Even if you’ve already filed your annual return, missing Form-19 makes you non-compliant.

✅ Already filed? Ignore this.
❌ Overdue? You need to act immediately.

I help companies:

Identify UBOs as per SECP rules
Prepare & file Form-19 correctly
Avoid costly penalties
📩 DM me “UBO” for a quick compliance check or filing support.

🔁 Repost to warn your network.
Follow me for real-time SECP, corporate, and tax updates.

25/04/2026

30th April 2026, the last date for submission of the UBO Declaration, if not submitted, hefty penalty awaiting

SUBJECT: ATTENTION ALL COMPANIES- FILING OF FORM-19 WITH SECP REGARDING ULTIMATE BENEFICIAL OWNERSHIP (UBO) INFORMATION



Every company is required to file a declaration of compliance regarding Ultimate Beneficial Ownership (UBO) on prescribed Form 19 under Section 123A of the Companies Act, 2017 read with Regulation 48 of the Companies Regulations, 2024.

This form must be submitted along with the annual return each year through eZfile portal of SECP.

Non-submission of Form-19 may attract penal provisions under sub-section (3) of Section 123A of the Act, which state:
"(a) a director or officer of the company or any other person shall be liable to a penalty which may extend to one million rupees; and
(b) the company shall be liable to a penalty which may extend to ten million rupees."

In light of the above, you are, therefore, advised to immediately file overdue Form 19 with the SECP through eZfile.

In case you have already filed Form-19, please disregard this communication.


SECP

19/04/2026

18/04/2026

📢 WE’RE HIRING IN LAHORE!

Join our team if you have:
🔹 LinkedIn growth & content skills
🔹 Lead generation & client closing ability
🔹 Basic tax knowledge
🔹 Good communication

📞 Call us: 0328-9477707
📍 Plaza No. 170-G, DHA Phase-1, Lahore Cantt

👥 Tag a friend who needs this job!