Author: Shahnawaz Akhter

The Federal Board of Revenue (FBR) has issued updated guidelines for the taxation of speculation business in Pakistan for the tax year 2025-26.

Karachi, September 1, 2025 – The Federal Board of Revenue (FBR) has released updated guidelines to help taxpayers understand how their business income will be calculated for the tax year 2025-26. These guidelines are part of the revised Income Tax Ordinance, 2001, which now includes amendments from the Finance Act, 2025.

Domestic electricity consumers across Pakistan have received significant relief as the Federal Board of Revenue (FBR) announced an exemption from withholding income tax on smaller household bills.

Islamabad, September 1, 2025 – The Federal Board of Revenue (FBR) has formally launched penal proceedings against corporate taxpayers and importers failing to comply with mandatory digital invoice regulations.

Islamabad, August 31, 2025 – The Federal Board of Revenue (FBR) has introduced a clearer definition of best judgment assessment for the tax year 2025-26 through amendments to the Sales Tax Act, 1990, updated via the Finance Act, 2025.

Islamabad, August 31, 2025 – The Federal Board of Revenue (FBR) has clarified that tax officers are not obligated to issue a notice before initiating recovery proceedings for short-paid sales tax under Section 11A of the Sales Tax Act, 1990.

KARACHI, August 31, 2025 – The Federal Board of Revenue (FBR) has released updated guidelines for claiming refunds of input tax for the tax year 2025-26.