Karachi, August 10, 2025 – The Finance Act, 2025 has introduced major reforms in Pakistan’s taxation framework, specifically targeting the rapidly growing online marketplace sector.
(more…)Author: Shahnawaz Akhter
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FBR redefines non-profit organization for tax year 2025-26
Islamabad, August 10, 2025 – The Federal Board of Revenue (FBR) has issued a revised definition of a non-profit organization for taxation purposes in the tax year 2025-26, aiming to bring more clarity and transparency to the sector.
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Banks and tax fraud: FBR ends long-standing immunity
Karachi, August 10, 2025 – In a major crackdown on financial malpractice, the Federal Board of Revenue (FBR) has shattered the long-standing belief that banks are immune from legal consequences when involved in tax fraud.
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Sindh ranks first in sales tax collection FY25
Islamabad, August 10, 2025 – Sindh has emerged as the top-performing province in Pakistan for the collection of sales tax on services during the fiscal year 2024-25, surpassing all other provinces in both revenue and growth rate.
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Subscribers’ privacy or tax fraud? FBR targets telecom companies
Islamabad, August 9, 2025 – The Federal Board of Revenue (FBR) has warned of legal action against telecom companies and internet service providers (ISPs) for failing to share crucial information about their subscribers.
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FTO orders IP address probe in major sales tax fraud case
Islamabad, August 9, 2025 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate IP addresses linked to a high-profile sales tax fraud case involving fake invoices worth millions.
According to the complaint, a 68-year-old commercial importer, registered for sales tax since August 2008, discovered the fraud while attempting to file his April 2025 return. Cybercriminals allegedly hacked his credentials, altered official records, and filed a falsified sales tax return showing fake supplies of Rs. 133.125 million, leading to a GST impact of Rs. 23.962 million. The transactions were traced to Rafi Enterprises, a taxpayer in RTO Quetta.
Investigators found that multiple IP addresses—originating from Battagram, Islamabad, and Frankfurt—were used to execute the fraud, likely via VPN services to mask identities. Despite repeated notices, internet providers have not disclosed subscriber details. The FTO emphasized that tracking such sophisticated cybercrime requires advanced technical capabilities currently lacking in FBR and PRAL.
The inquiry concluded that the beneficiary knowingly purchased fake invoices to evade sales tax, violating Section 73 of the Sales Tax Act. The FTO urged FBR to initiate FIRs and prosecute all parties involved in the fraud under relevant laws, as well as to strengthen monitoring systems to prevent future misuse of taxpayer credentials.
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FBR changes taxpayers’ registration scheme for 2025-26
Islamabad, August 9, 2025 – The Federal Board of Revenue (FBR) has announced important changes to the taxpayers’ registration scheme for the 2025-26 fiscal year, introducing new rules to cover e-commerce businesses under the Finance Act, 2025.
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KCCI voices concern over customs raids on genuine businesses
Karachi, August 8, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed serious concern over recent anti-smuggling raids by customs authorities that, according to the Chamber, have targeted legitimate businesses alongside illicit operators.
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FPCCI welcomes reversal of harsh tax measures
Karachi, August 8, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to roll back several controversial tax provisions introduced in the federal budget for the fiscal year 2025–26.
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LTO Karachi recovers Rs4 billion CVT from foreign assets
KARACHI, August 8, 2025 — In a stunning fiscal triumph, the Large Taxpayers Office (LTO) Karachi has unleashed its enforcement might, recovering a jaw-dropping Rs4 billion in Capital Value Tax (CVT) from foreign assets during the 2024-25 fiscal year.
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