Arif & Associates

Arif & Associates Chartered Accountants and Advocates The Firm stands high on the shoulders of it competitive team.

Arif & Associates, a firm of Charted Accountants, Financial Analysts and Tax & Legal Advisers, has been in profession for the last 40 Years.

FBR mandates POS integration for ICT service providersThe Federal Board of Revenue (Federal Board of Revenue) has issued...
18/05/2026

FBR mandates POS integration for ICT service providers

The Federal Board of Revenue (Federal Board of Revenue) has issued STGO No. 05 of 2026 (ICT), making POS integration and electronic invoicing mandatory for service providers operating in Islamabad Capital Territory under the ICT (Tax on Services) Ordinance, 2001.

Key deadlines:

Tier 1: Large Companies (Turnover > Rs. 1 Billion) & Public Companies:
Registration Deadline: May 25, 2026
System Testing: June 5, 2026
Go-Live (E-Invoicing): June 15 – June 20, 2026

Tier 2: All Companies + Individuals & AOPs (Turnover > Rs. 100 Million):
Registration Deadline: May 30, 2026
System Testing: June 10, 2026
Go-Live (E-Invoicing): June 20, 2026

Tier 3: All Other Registered Islamabad Service Providers
Registration Deadline: June 1, 2026
System Testing: June 15, 2026
Go-Live (E-Invoicing): June 25, 2026

This initiative is a significant step toward **digital tax compliance, improved documentation, and enhanced transparency in Pakistan’s services sector.**

Service providers in ICT should ensure timely compliance to avoid regulatory issues.

📄 Official Order: [STGO No. 05 of 2026 (ICT)](https://download1.fbr.gov.pk/Docs/20265181553437467STGO05of2026.pdf)

From all of us at "Arif & Associates", we extend our heartfelt gratitude and love to all mothers whose strength, sacrif...
10/05/2026

From all of us at "Arif & Associates", we extend our heartfelt gratitude and love to all mothers whose strength, sacrifice, patience, and unconditional care shape families and inspire generations.

Your dedication is the foundation of every strong home and every successful future.

Wishing you a joyful, peaceful, and love-filled Mother’s Day. 🌸

📢 Important Update: FBR Issues Draft Income Tax Return Forms for Tax Year 2026The Federal Board of Revenue (FBR) has off...
08/05/2026

📢 Important Update: FBR Issues Draft Income Tax Return Forms for Tax Year 2026

The Federal Board of Revenue (FBR) has officially released the draft electronic income tax return forms for the upcoming filing season via SRO 835(I)/2026.

Key Highlights:

=> Stakeholder Feedback: The FBR has invited taxpayers and practitioners to submit comments and suggestions within seven days before the forms are finalized.

=> Emphasis on Data Accuracy: The draft highlights the importance of cross-referencing available economic transaction data, reminding taxpayers that correct reporting remains their primary responsibility.

=> Detailed Disclosures: New requirements emphasize employer registration details for salaried individuals and comprehensive declarations for property and business income categories.

=> Timeline: The early release suggests that the filing portal is expected to open on July 1, 2026, with the standard deadline of September 30, 2026.

Staying ahead of regulatory changes is essential for seamless compliance.

We are currently reviewing the draft to ensure our clients are prepared for the 2026 filing cycle.

Read the full SRO here:
https://www.fbr.gov.pk/Downloads/?id=17667&Type=SROs

🚨 IMPORTANT TAX UPDATE — SECTION 7E DECLARED UNCONSTITUTIONALThe Honorable Federal Constitutional Court of Pakistan has ...
07/05/2026

🚨 IMPORTANT TAX UPDATE — SECTION 7E DECLARED UNCONSTITUTIONAL

The Honorable Federal Constitutional Court of Pakistan has reportedly declared Section 7E of the Income Tax Ordinance, 2001 as ultra vires the Constitution through Short Order dated 07 May 2026.

📌 Key Developments:

✔ Appeals of taxpayers allowed against Sindh & Lahore High Court judgments

✔ FBR appeals against Peshawar & Balochistan High Court judgments dismissed

✔ All notices, assessments, proceedings, and demands under Section 7E reportedly set aside

✔ Provision treated as void ab initio — effectively from inception

Section 7E, introduced through Finance Act 2022, imposed deemed tax on immovable property even where no actual income was generated.

⚖ Potential Implications for Taxpayers:

• Pending proceedings may lose legal enforceability

• Existing demands may stand nullified

• Taxpayers who already paid tax under Section 7E may potentially evaluate refund remedies under Sections 170 & 171 of the Income Tax Ordinance, 2001

For professional guidance regarding your tax position and compliance matters, contact Arif & Associates.

Tax Update: Introduction of Annexure L for OMCsThe Federal Board of Revenue (FBR) has introduced "Annexure L" to the mon...
06/05/2026

Tax Update: Introduction of Annexure L for OMCs

The Federal Board of Revenue (FBR) has introduced "Annexure L" to the monthly sales tax return requirements for Oil Marketing Companies (OMCs).

Under this new requirement, sales invoices related to the Petroleum Development Levy (PDL) and the Climate Support Levy (CSL) must now be formally recorded via this specific annexure.

Previously, these levies were reported simply as payable figures in a separate line item without dedicated annexure documentation.

For further details, the official SRO can be accessed here:

https://www.fbr.gov.pk/Downloads/?id=17666&Type=SROs

📈 Market Alert: SBP Increases Policy Rate to 11.5%The Monetary Policy Committee (MPC) of the State Bank of Pakistan has ...
27/04/2026

📈 Market Alert: SBP Increases Policy Rate to 11.5%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan has announced a 100 bps increase in the policy rate, bringing it to 11.5% effective April 28, 2026.

Key Drivers:

Geopolitical Risks: Prolonged conflict in the Middle East continues to impact the macroeconomic outlook.

Inflation Outlook: Projections suggest inflation may remain above target in the coming quarters.

Fiscal Discipline: The MPC emphasized the need for continued external buffers and structural reforms to ensure sustainable growth.

Read MPC Statement:

https://www.sbp.org.pk/press/2026/Pr-27-Apr-2026.pdf

Beyond the numbers on the scoreboard, our recent cricket series was a celebration of partnership and community. We were ...
26/04/2026

Beyond the numbers on the scoreboard, our recent cricket series was a celebration of partnership and community.

We were honored to have the event graced by Muhammad Hamza Khan (Director, Jalal Sons) and our very own leadership team: M. Arif Latif Advocate (Founding Partner), Saad uz Zaman Arif, FCA, and Talha Hamail, ACA.

From the initial toss to the final trophy presentation, the energy on the field was electric. It was a privilege to compete against such a talented side as Jalal Sons.

Events like these remind us that while we strive for excellence in tax and law, the spirit of teamwork and healthy competition is what truly drives us forward.

A Great Game & Even Greater Sportsmanship! 🏏🤝A huge thank you to Jalal Sons for the incredible cricket during our friend...
26/04/2026

A Great Game & Even Greater Sportsmanship! 🏏🤝

A huge thank you to Jalal Sons for the incredible cricket during our friendly cricket match yesterday. From the flawless arrangements to the competitive spirit on the field, it was an afternoon to remember.

Beyond the numbers and the tax codes, it was fantastic to get out on the pitch and share some "excellent cricket" with such a wonderful team.

At Arif & Associates, we value these moments of community and collaboration. Cheers to a memorable match and the spirit of the game!

Victory looks good on us! We are thrilled to announce that Arif & Associates emerged as the undisputed champions of the ...
26/04/2026

Victory looks good on us! We are thrilled to announce that Arif & Associates emerged as the undisputed champions of the Friendly Cricket Match series, clinching a dominant 2-0 victory against Jalal Sons. 🏏🔥

​It was an incredible display of teamwork, precision, and sportsmanship.

From a nail-biting chase in Match 1 to a powerhouse performance in Match 2—scoring a massive 200 runs—our team showed what it means to play like champions.

​The Scoreboard:

​Match 1: Secured the win reaching 107-5 in just 7.5 overs.

​Match 2: A clinical performance finishing with 200-2 and a decisive victory.

​A huge shoutout to our players for their dedication on the field and to our supporters for the incredible energy! 🌟

​

We are incredibly proud to celebrate the hard work and dedication of our trainees. Successfully completing the Certifica...
25/04/2026

We are incredibly proud to celebrate the hard work and dedication of our trainees. Successfully completing the Certificate in Accounting & Finance (CAF) is no small feat—it is a testament to their resilience and commitment to professional excellence.

Please join us in congratulating:

- Sibt e hassan
- Abdullah shahbaz
- Ahsan Baig
- Mehsum Iqbal
- Haseeb

At Arif & Associates, your success is our pride. We look forward to seeing the incredible impact you will make as you continue your professional journey.

Onward and upward! 🚀

🔥 It’s Game Time! 🔥Arif & Associates steps onto the field for a thrilling friendly cricket clash against Jalal Sons! 🏏📅 ...
24/04/2026

🔥 It’s Game Time! 🔥

Arif & Associates steps onto the field for a thrilling friendly cricket clash against Jalal Sons! 🏏

📅 April 25, 2026
⏰ 7:00 PM – 12:00 AM
📍 New Ittefaq Cricket Ground, Lahore

This isn’t just a match — it’s about teamwork, energy, and a little healthy competition outside the office. Expect big hits, sharp bowling, and even sharper camaraderie.

Join us on ground or catch the action via Live Streaming 🎥

Who are you backing? 👀

Address

Arif And Associates Arif Building, 13-Fane Road Lahore
Lahore
54000

Opening Hours

Monday 09:00 - 21:00
Tuesday 09:00 - 21:00
Wednesday 09:00 - 21:00
Thursday 09:00 - 21:00
Friday 09:00 - 21:00
Saturday 09:00 - 21:00

Telephone

+924237355798

Website

Alerts

Be the first to know and let us send you an email when Arif & Associates posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Arif & Associates:

Shortcuts

Share

Category