Lahore, August 12, 2025 – The International Lawyers Association has raised strong concerns over ongoing challenges in the filing of income tax returns for Tax Year 2025, warning that delays and system flaws could disrupt compliance for thousands of taxpayers.
(more…)Author: Shahnawaz Akhter
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SBP tightens regulations to curb trade-based money laundering
Karachi, August 12, 2025 – The State Bank of Pakistan (SBP) has announced a strengthened framework aimed at tightening anti-money laundering (AML) and countering financing of terrorism (CFT) measures in the context of trade transactions.
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SBP withdraws rules, giving big relief to Pakistan exporters
Karachi, August 12, 2025 – In a major relief for Pakistan’s exporters, the State Bank of Pakistan (SBP) has announced the withdrawal of stringent conditions previously imposed under the “Delayed Realization of Export Proceeds” policy.
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Abbasi assumes charge as commissioner of AEOI Zone Karachi
Karachi, August 12, 2025 – Abdul Qadeer Abbasi, a BS-19 officer of the Inland Revenue Service (IRS), has officially assumed charge as the Commissioner of the Automatic Exchange of Information (AEOI) Zone in Karachi.
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FBR to deploy four experts for auto sector audit
Islamabad, August 12, 2025 – The Federal Board of Revenue (FBR) has announced plans to deploy four specialized industry experts for an extensive audit of the automotive sector.
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Who is taxpayer in Pakistan? FBR explains
Islamabad, August 11, 2025 – The Federal Board of Revenue (FBR) has issued an official clarification on the definition of a taxpayer in Pakistan for the tax year 2026 (July 2025 to June 2026), aiming to remove ambiguities for individuals and businesses regarding their tax obligations.
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FBR explains startup criteria for tax year 2026
Karachi, August 11, 2025 – The Federal Board of Revenue (FBR) has issued an explanation on the definition and eligibility criteria for a startup under the Income Tax Ordinance, 2001, applicable for the tax year 2026 (July 2025 to June 2026).
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FPCCI demands revocation of retrospective gas billing
Karachi, August 11, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the federal government to immediately withdraw retrospective gas billings imposed on industrial and commercial consumers.
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LTBA challenges 2025 return filing without notification
Lahore, August 11, 2025 – In a move that could send shockwaves through Pakistan’s tax community, the Lahore Tax Bar Association (LTBA) has delivered a stinging rebuke to the Federal Board of Revenue (FBR), challenging the legality of the ongoing 2025 return filing process — which, astonishingly, has commenced without the issuance of a formal notification.
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Okara Tax Bar flags glitches in 2025 annual return filing
August 11, 2025 – The Okara Tax Bar Association has raised serious concerns over persistent glitches in the annual return filing process for tax year 2025, urging the Federal Board of Revenue (FBR) to address the issues on an urgent basis.
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