Karachi, July 22, 2025 – The Federal Board of Revenue (FBR) has officially launched the income tax return filing portal for Tax Year 2025 — but not without complications. According to Ali A. Rahim, President of the Karachi Tax Bar Association (KTBA), taxpayers are encountering a wave of technical issues that are hampering the filing process.
(more…)Author: Shahnawaz Akhter
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FBR tightens control over processed tobacco movement
Islamabad, July 22, 2025 – The Federal Board of Revenue (FBR) has introduced a more stringent procedure for the removal and movement of processed tobacco from Green Leaf Threshing (GLT) units and associated warehouses.
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Is your registered vehicle at risk of being declared smuggled?
If you own a registered vehicle in Pakistan, there’s an important new legal update you should know about—your car or bike can now be treated as a smuggled vehicle even if it’s properly registered with the provincial excise department.
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FBR explains key concepts of sales tax laws
Karachi, July 22, 2025 – The Federal Board of Revenue (FBR) has shared essential concepts of sales tax laws, especially in light of the latest reforms introduced under the Finance Act, 2025.
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Only tax registered sellers can sell online in Pakistan: expert
Karachi, July 21, 2025 – Big changes are now live for Pakistan’s e-commerce sector under the Finance Act, 2025. According to renowned tax expert and High Court Advocate Muhammad Zeeshan Merchant, only tax registered sellers are eligible to make online supplies under the new legal framework.
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SBP reports $2.22 billion in profit repatriation for FY25
Karachi, July 21, 2025 – The State Bank of Pakistan (SBP) has reported that the total repatriation of profit and dividends by foreign investors during the fiscal year 2024–25 reached $2.22 billion, reflecting a marginal increase compared to the previous year.
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FBR punishes customs officials in Samsung Galaxy A7 case
Karachi, July 21, 2025 – The Federal Board of Revenue (FBR) has penalized three customs officials from the Collectorate of Customs Airports, Karachi, for their role in the incorrect examination, assessment, and clearance of consignments containing “New Samsung Galaxy Tablets A7.”
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FBR issues fresh customs values for solar panels
Karachi, July 21, 2025 – The Federal Board of Revenue (FBR) has announced revised customs values for imported solar panels, taking into account the sharp decline in global market prices.
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FBR develops IT-based solution to track foreign assets
Karachi, July 21, 2025 – The Federal Board of Revenue (FBR) has taken a significant step forward in its efforts to combat offshore tax evasion by initiating the development of a sophisticated IT solution aimed at detecting foreign assets held by Pakistani nationals.
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Merchant Unlocks Sections 37A and 37B of Sales Tax Act
Renowned tax expert Muhammad Zeeshan Merchant, Advocate High Court and former president of Karachi Tax Bar Association (KTBA), demystified the highly talked-about Sections 37A and 37B of the Sales Tax Act, 1990, introduced through the Finance Act, 2025.
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