Pakistan Revenue
Islamabad, April 1, 2026 – In a landmark move to expand the tax net into the digital economy, the Federal Board of Revenue (FBR) has proposed the imposition of income tax on foreign social media content consumed in Pakistan. The proposal has been introduced through SRO 545(I)/2026, outlining draft amendments to the Income Tax Rules, […]
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Karachi, April 1, 2026 – Khurram Ijaz, foreign trade and logistics expert and former Vice President Federation Pakistan Chambers of Commerce & Industry (FPCCI), has strongly condemned what he termed the “unjust and exploitative practices” of port authorities and shipping lines, as exporters face mounting demurrage and detention charges on consignments stranded in the wake […]
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Islamabad, April 1, 2026 – The Federal Board of Revenue (FBR) on Wednesday announced significant relief measures regarding withholding tax for property builders and developers, aiming to ease liquidity pressures and streamline tax compliance in the construction sector.
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Islamabad, March 31, 2026 – The Federal Board of Revenue (FBR) has introduced a significant facilitation measure for taxpayers by allowing the cancellation, deletion, and editing of electronic sales tax invoices under defined conditions.
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Karachi, March 31, 2026 – The Federal Board of Revenue has issued a new valuation ruling to determine customs values for imported beverages of foreign brands, aiming to streamline duty and tax collection at the import stage.
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Karachi, March 31, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the federal government to introduce a comprehensive tax incentive scheme for cryptocurrency and fintech in the upcoming Budget 2026–27, aiming to bring digital assets into the formal economy.
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Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has issued fresh customs values for LED bulbs and tube lights through Valuation Ruling (VR) 2055/2026 to streamline import assessments and align them with prevailing market trends.
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Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has revised customs values of imported polyester fabrics through a new valuation ruling aimed at ensuring transparency and uniformity in duty assessment at the import stage.
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If you are a salaried individual earning above the threshold of Rs. 600,000 annually, understanding how the Federal Board of Revenue (FBR) calculates your income is essential for accurate tax return filing in tax year 2026.
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Islamabad, March 29, 2026 – The Federal Board of Revenue (FBR) has so far been unable to enforce newly introduced restrictions on ineligible persons under Section 114C of the Income Tax Ordinance 2001 for the fiscal year 2025–26, raising concerns about regulatory delays and tax compliance gaps.
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