Karachi, October 8, 2025 – The Pakistan Business Council (PBC) has raised concerns over an error in the calculation of tax credit on the Federal Board of Revenue’s (FBR) IRIS portal used for filing 2025 income tax returns.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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FBR digitizes all sales tax de-registration process
Islamabad, October 8, 2025 – The Federal Board of Revenue (FBR) has announced that all sales tax de-registration requests must now be processed exclusively through the computerized system, eliminating manual applications altogether.
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KTBA seeks removal of redundant return filing requests
Karachi, October 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to remove all pending requests for return filing deadline extensions from the IRIS portal.
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FBR reports 19% rise in tax collected from weddings
Karachi, October 8, 2025 — The Federal Board of Revenue (FBR) has announced a significant 19% increase in the collection of withholding tax on weddings during the fiscal year 2024–25, highlighting improved compliance and growing formalization in the event management sector.
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Pakistan may end car import baggage, gift schemes
Islamabad, October 8, 2025 — Pakistan is expected to abolish the car import schemes that allow vehicles to enter the country under the baggage and gift programs, both of which provide duty and tax exemptions.
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FBR explores new measures to boost FY26 tax collection
Islamabad, October 8, 2025 — The Federal Board of Revenue (FBR) is actively exploring various strategies to strengthen revenue collection and prevent a shortfall during the fiscal year 2025–26.
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Sales Tax Act Grants Suo Moto Powers to Commissioner IR
Islamabad, October 7, 2025 – The Federal Board of Revenue (FBR) has clarified that under the Sales Tax Act, 1990, the commissioner of Inland Revenue holds suo moto powers to call for and examine departmental records to ensure compliance and legality of decisions.
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Karachi University hosts seminar on tax filing, pension reforms
Karachi, October 7, 2025 – The University of Karachi hosted an informative seminar titled “Impacts of Income Tax Filing and Amendments in Pension Rules” at the Karachi University Business School Auditorium on Tuesday.
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RTO-II Karachi collects Rs17.32b from Sindh employees
Karachi, October 6, 2025 – The Federal Board of Revenue (FBR) has reported a strong performance in tax collection from salaried individuals, gathering Rs17.32 billion in income tax from employees of the Government of Sindh working in Karachi during the fiscal year 2024–25, according to data obtained by Pakistan Revenue.
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Pakistan grants Rs61b in tax exemptions under trade agreements
Karachi, October 6, 2025 – Pakistan has provided a substantial tax exemption of Rs61 billion during the tax year 2023–24 under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs), according to the Tax Expenditure Report 2025 issued by the Federal Board of Revenue (FBR).
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