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).
(more…)Author: Shahnawaz Akhter
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AIT return filing deadline extended to Oct 31: SRB
Karachi, October 6, 2025 – The Sindh Revenue Board (SRB) on Monday officially announced the extension of the deadline for filing Agricultural Income Tax (AIT) returns up to October 31, 2025.
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FBR collects Rs7.70b as CVT on motor vehicles in FY25
Islamabad, October 5, 2025 — The Federal Board of Revenue (FBR) has collected Rs7.70 billion as Capital Value Tax (CVT) on motor vehicles during the fiscal year 2024–25, marking a slight decline from Rs7.80 billion collected in the previous fiscal year.
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FBR unveils arrest procedure for IR officers in tax fraud cases
ISLAMABAD, October 5, 2025 – The Federal Board of Revenue (FBR) has officially issued a detailed framework outlining the arrest procedure for Inland Revenue (IR) officers in connection with tax fraud investigations.
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New arrest rules in tax fraud cases under Section 37A
Islamabad, October 4, 2025 – The Federal Government, through the Finance Act 2025, has introduced Section 37A into the Sales Tax Act, 1990, providing a comprehensive framework for inquiry, investigation, and arrest in cases of tax fraud.
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FBR sees annual 7% drop in cash withdrawal tax collection
Islamabad, October 4, 2025 – The Federal Board of Revenue (FBR) has reported a noticeable decline in tax collected on banking cash transactions, with withholding tax collection on cash withdrawal dropping by 7% during fiscal year 2024-25.
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IR Officers Get Court Powers in Tax Summon Cases
Karachi, October 4, 2025 – In a dramatic move that could reshape Pakistan’s tax enforcement landscape, Inland Revenue (IR) officers have been empowered with court-like authority to summon individuals in tax-related cases.
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FBR Busts Mega Fraud at Karachi Airport
Islamabad, October 3, 2025 – The Federal Board of Revenue (FBR) has uncovered a major fraud at Jinnah International Airport, Karachi, involving the illegal removal of high-value electronic consignments without filing Goods Declarations (GDs) or paying customs duties and taxes.
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LTBA detects miscalculation in 2025 tax returns
Lahore, October 3, 2025 – The Lahore Tax Bar Association (LTBA) has formally raised concerns regarding errors detected in the electronic income tax return form for tax year 2025.
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TRG Pakistan explains tax disputes with FBR – 2025
Karachi, October 3, 2025 – TRG Pakistan Limited has released its Annual Report for 2025, providing detailed clarification on ongoing income tax disputes with the Federal Board of Revenue (FBR).
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