If you are holding money on behalf of a tax defaulter, tax year 2026 could bring serious consequences for you as well. Under Pakistan’s tax laws, the Federal Board of Revenue (FBR) has the legal authority to recover unpaid taxes directly from third parties who owe or hold money for defaulting taxpayers.
(more…)Author: Shahnawaz Akhter
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FBR reports 30% drop in Karachi electricity tax collection during 5MFY26
Islamabad, December 20, 2025 – The Federal Board of Revenue (FBR) has reported a significant 30% decline in tax collection from electricity consumption in Karachi during the first five months (July–November) of the fiscal year 2025-26.
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Tax defaulters to face property sale and arrest for FBR recovery
Tax default is no longer a minor compliance issue. Under Pakistan’s tax laws, the Federal Board of Revenue (FBR) holds extensive powers to recover unpaid taxes, including the sale of property and arrest of taxpayers.
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What are tax payment deadlines for tax year 2026? FBR explains
Meeting income tax payment deadlines is critical for taxpayers in Pakistan. Missing a due date can lead to default surcharge, penalties, and enforcement action by the Federal Board of Revenue (FBR).
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LTO Karachi reports unprecedented 475% surge in stock market CGT collections
Karachi, December 19, 2025 — The Large Taxpayers Office (LTO) Karachi has reported a remarkable 475 percent increase in the collection of capital gains tax (CGT) on the disposal of securities during the first five months of the current fiscal year 2025–26, reflecting the strong performance of the Pakistan Stock Exchange (PSX).
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Provisional Tax Assessment in Pakistan: What You Should Know
The Federal Board of Revenue (FBR) holds wide-ranging powers under the Income Tax Ordinance, 2001 to safeguard revenue and address tax evasion. One such important mechanism is the provisional tax assessment, which allows tax authorities to assess income in specific high-risk situations even before a final assessment is issued.
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Why Taxpayers Must Understand the Role of FBR’s Commissioner (Appeals)
For taxpayers in Pakistan, understanding the role of the Commissioner (Appeals) is crucial. This office serves as the first stage of relief when a taxpayer disagrees with an order or decision by the Federal Board of Revenue (FBR). Knowing how to navigate this process can save time, money, and stress in resolving tax disputes.
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LTO Karachi achieves record Rs1.27 trillion tax collection in 5MFY26
Karachi, December 19, 2025 – The Large Taxpayers Office (LTO) Karachi has accomplished an unprecedented milestone, amassing Rs1.27 trillion in tax revenue during the first five months (July–November) of fiscal year 2025-26, underscoring robust revenue mobilization efforts.
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November decline reduces Pakistan’s textile exports growth to 2.73% in 5MFY26
Islamabad, December 19, 2025 – Pakistan’s textile exports growth slowed significantly in November 2025, bringing the overall increase for the first five months (July to November) of the current fiscal year 2025-26 to 2.73%, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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Are you a 2025 return filer? You must know how FBR assesses your return
If you have filed your income tax return for tax year 2025, understanding how the Federal Board of Revenue (FBR) assesses your declaration is crucial. Many taxpayers believe filing a return ends their responsibility—but under Pakistan’s tax law, filing is only the beginning of the assessment process.
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