Islamabad – August 4, 2025: Amid a wave of fury sweeping across Pakistan’s business community, the Federal Board of Revenue (FBR) has finally broken its silence on the much-feared Section 37A of the Sales Tax Act, 2025.
(more…)Author: Shahnawaz Akhter
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FY25 CGT collection skyrockets 222% on stock market boom
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has recorded a massive 222% rise in the collection of Capital Gain Tax (CGT) on the sale of securities during the fiscal year 2024-25, reflecting a booming stock market and enhanced investor returns.
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FBR explains higher withholding tax rates on property sales
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified the recent changes made to withholding tax rates on the sale and purchase of immovable property under the Finance Act, 2025.
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FBR begins matching bank data of high-risk taxpayers
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has initiated a new system to cross-match the financial records of high-risk taxpayers with their declared income and wealth, using data provided by banks.
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FBR outlines conditions for tax exemption on property sale
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has outlined conditions for availing tax exemption of sale of immovable property.
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Withholding tax rate enhanced for sports persons to 15%
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has said that the withholding tax rate for sports persons has been enhanced to 15% from fiscal year 2025-26.
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Banks begin withholding tax on IPS account securities
Islamabad, August 3, 2025 – Banks across Pakistan have started collecting withholding tax on the sale of debt securities from Investor Portfolio Securities (IPS) accounts, following new changes introduced in the Finance Act, 2025.
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FBR confirms tax amnesty for ineligible persons
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has officially clarified that ineligible individuals may now benefit from a form of tax amnesty, allowing them to enter the documented economy without fear of questioning about the origins of their declared resources.
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Pakistan ends blanket income tax exemptions from FY26
Islamabad, August 3, 2025 – Pakistan has withdrawn blanket income tax exemptions to individuals and entities through Finance Act, 2025.
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FBR treats cash deposit as banking channel payment
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified that bank cash deposits made by buyers into the seller’s bank account will be treated as valid payments through the banking channel under the Income Tax Ordinance, 2001.
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