Islamabad, October 4, 2025 – The Federal Government, through the Finance Act 2025, has introduced Section 37A into the Sales Tax Act, 1990, providing a comprehensive framework for inquiry, investigation, and arrest in cases of tax fraud.
(more…)Author: Shahnawaz Akhter
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FBR sees annual 7% drop in cash withdrawal tax collection
Islamabad, October 4, 2025 – The Federal Board of Revenue (FBR) has reported a noticeable decline in tax collected on banking cash transactions, with withholding tax collection on cash withdrawal dropping by 7% during fiscal year 2024-25.
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IR Officers Get Court Powers in Tax Summon Cases
Karachi, October 4, 2025 – In a dramatic move that could reshape Pakistan’s tax enforcement landscape, Inland Revenue (IR) officers have been empowered with court-like authority to summon individuals in tax-related cases.
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FBR Busts Mega Fraud at Karachi Airport
Islamabad, October 3, 2025 – The Federal Board of Revenue (FBR) has uncovered a major fraud at Jinnah International Airport, Karachi, involving the illegal removal of high-value electronic consignments without filing Goods Declarations (GDs) or paying customs duties and taxes.
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LTBA detects miscalculation in 2025 tax returns
Lahore, October 3, 2025 – The Lahore Tax Bar Association (LTBA) has formally raised concerns regarding errors detected in the electronic income tax return form for tax year 2025.
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TRG Pakistan explains tax disputes with FBR – 2025
Karachi, October 3, 2025 – TRG Pakistan Limited has released its Annual Report for 2025, providing detailed clarification on ongoing income tax disputes with the Federal Board of Revenue (FBR).
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PSX officially delists Philip Morris Pakistan
Karachi, October 3, 2025 – The Pakistan Stock Exchange (PSX) has formally announced the delisting of Philip Morris (Pakistan), one of the leading cigarette manufacturers in the country.
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Record Rs556bn Tax Paid by Salaried Class in FY25
Islamabad, October 3, 2025 – The salaried class contributed a record Rs556 billion in withholding income tax during fiscal year 2024-25, according to withholding tax collection data released by the Federal Board of Revenue (FBR).
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FBR may impose economic restrictions on 2025 tax non-filers
Islamabad, October 2, 2025 – The Federal Board of Revenue (FBR) is preparing to invoke strict economic restrictions on individuals who fail to file their income tax returns for the year 2025.
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PSO Reveals Income Tax Contingencies Up to June 2025
Karachi, October 2, 2025 – Pakistan State Oil (PSO), the country’s largest energy supplier, has disclosed a series of income tax contingencies in its financial statements up to June 2025, highlighting long-standing disputes with the Federal Board of Revenue (FBR).
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