#pakistanicrypto

🇵🇰 FBR's Position on Cryptocurrency Taxation

The Federal Tax Ombudsman (FTO) has criticized the FBR for its prolonged inaction and lack of clarity regarding the taxation of cryptocurrencies. In response to a complaint from a Pakistani crypto user willing to pay taxes on digital assets, the FTO emphasized the urgent need for a comprehensive tax policy. The FBR's Policy Wing acknowledged that the concept of cryptocurrency is novel and requires expert opinion, indicating that the matter is under consideration.