Which business deductions are not allowed in 2025-26?
The Federal Board of Revenue (FBR) has clarified which deductions cannot be claimed against business income during the tax year 2025-26.
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Author: Shahnawaz Akhter
FBR explains tax deductions for business income in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has issued detailed guidance regarding deductions allowed while computing tax on business income for the tax year 2025-26.
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FBR issues tax rates on telephone, internet usage in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has officially notified the advance tax rates applicable on the use of telephone and internet services during the tax year 2025-26.
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Pakistan sees $42 million weekly rise in forex reserves
Karachi, September 4, 2025 – Pakistan’s foreign exchange position showed modest improvement as the country recorded a rise of $42 million in its forex reserves during the outgoing week, according to the latest data issued by the State Bank of Pakistan (SBP).
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SBP sets benchmark for cash deposit machines across banks
Karachi, September 4, 2025 – The State Bank of Pakistan (SBP) has introduced new benchmarks for the deployment of cash deposit machines (CDMs) as part of its ongoing efforts to accelerate digitization in the country’s banking sector.
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FPCCI extends support to faceless customs assessment system
Karachi, September 4, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday reaffirmed its strong backing for the implementation of the Faceless Customs Assessment (FCA) system.
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Pakistan Customs targets 80% green channel clearance
Karachi, September 3, 2025 – Pakistan Customs is working toward a major milestone in trade facilitation by aiming to clear 80 percent of import consignments through the green channel system, a move that promises to significantly reduce clearance times and enhance business confidence.
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Third-Party Return Filing May Risk Your Identity
Filing an income tax return is an annual responsibility, but many taxpayers now look for shortcuts through social media advertisements and unverified tax service providers.
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PCDMA criticizes FBR over premature e-invoicing rollout
Karachi, September 2, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed strong disapproval over what it calls a premature and poorly planned rollout of the Federal Board of Revenue’s (FBR) electronic invoicing system.
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2025 tax return filing must for business income over Rs350,000
Karachi, September 2, 2025 – The Federal Board of Revenue (FBR) has made it clear that return filing for the tax year 2025 is mandatory for individuals whose annual income from business exceeds Rs350,000.
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