Author: Shahnawaz Akhter

The Federal Board of Revenue (FBR) has reported a significant jump in income tax credits, which surged to Rs78 billion in tax year 2024 compared to Rs24 billion in the preceding year.

Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has clarified the rules for taxpayers who need extra time to file their sales tax return. Through the updated Sales Tax Act, 1990, as amended by the Finance Act 2025, Section 26AB outlines how a registered person may apply for an extension in filing their return.

Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced important amendments to Section 26 of the Sales Tax Act, 1990, clarifying who must file a sales tax return during the tax year 2025-26.

Karachi, September 13, 2025 – The Federal Board of Revenue (FBR), through the updated Income Tax Ordinance, 2001, has provided a detailed explanation of the method of accounting that taxpayers must follow for the tax year 2025-26.

Karachi, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced new restrictions on deductions related to consumer loans, a move aimed at strengthening oversight of lending practices in the financial sector.

Karachi, September 13, 2025 – The Federal Board of Revenue (FBR) has once again tightened its grip on tax compliance by issuing clear rules regarding deductions for bad debts during the tax year 2025-26.

Karachi, September 12, 2025 – The Federal Board of Revenue (FBR) has accelerated efforts to roll out its flagship Cargo Tracking System (CTS), a digital initiative aimed at boosting revenue, curbing smuggling, and improving trade documentation.

Lahore, September 12, 2025 – The Federal Board of Revenue (FBR) has landed in hot water after a wave of criticism erupted over persistent glitches in the return filing system.