The Federal Board of Revenue (FBR) has clarified how perquisites will be treated under the updated Income Tax Ordinance, 2001 for the tax year 2025-26.
(more…)Author: Shahnawaz Akhter
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Determination of Salary Income in Tax Year 2025-26
Are you ready to discover how your salary will be taxed in the upcoming year? With the Federal Board of Revenue (FBR) updating the Income Tax Ordinance, 2001 for the tax year 2025-26, employees across Pakistan are seeking clarity on how their earnings will be classified, taxed, and possibly optimized.
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Sindh Government Notifies Agricultural Income Tax Rules, 2025
Karachi, August 24, 2025 – The Government of Sindh has formally introduced the Agricultural Income Tax Rules, 2025, marking a major step toward streamlining the taxation framework for the province’s growing farm economy.
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SBP issues checklist to detect inconsistent trade activity
The State Bank of Pakistan (SBP) has introduced a comprehensive checklist aimed at identifying red flags in trade activity to curb the risk of money laundering and other financial crimes.
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FBR sets income benchmark for tax year 2025-26
Islamabad, August 23, 2025 – The Federal Board of Revenue (FBR) has officially determined your income benchmark for the tax year 2025-26, marking a crucial step toward defining who pays what in Pakistan’s evolving tax landscape. And yes, it directly impacts your wallet!
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FBR issues new tax rates on rental income for 2025–26
Islamabad, August 23, 2025 – The Federal Board of Revenue (FBR) has officially released the new withholding tax rates on rental income from immovable properties for the tax year 2025–26.
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Shakeel Shah Appointed as Member Customs Operations
Islamabad, August 22, 2025 – The Federal Board of Revenue (FBR) has appointed Syed Shakeel Shah, a BS-21 officer of the Pakistan Customs Service (PCS), as the new Member Customs Operations.
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July 2025 sales tax return filing deadline extended
Islamabad, August 22, 2025 – The Federal Board of Revenue (FBR) on Friday extended the deadline for filing sales tax and federal excise return for the month of July 2025.
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FBR penalizes officer for unauthorized sales tax refund
Islamabad, August 22, 2025 – The Federal Board of Revenue (FBR) has taken strict disciplinary action against Inland Revenue officer for releasing unauthorized sales tax refunds.
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Withholding tax card for goods and services in 2025-26: FBR
Karachi, August 21, 2025 – The Federal Board of Revenue (FBR) has released the updated withholding tax card for the supply of goods and services for the tax year 2025-26. The notification was issued under Section 153 of the Income Tax Ordinance, 2001, reflecting amendments introduced through the Finance Act, 2025.
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