Pakistan's FBR cancels affidavit requirement for CFOs in September 2024 sales tax returns, amid trade body pushback.
Pakistan's Federal Board of Revenue (FBR) has rescinded the requirement for CFOs to submit affidavits with sales tax returns for September 2024, following pushback from trade bodies. This decision aims to alleviate concerns over the affidavit's burden while the FBR invites alternative proposals to tackle tax fraud by October 31. The FBR clarified that the affidavit does not impose new legal obligations, but warns against submitting false information, which can lead to penalties.
October 17, 2024
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