Taxpayers filing late returns may face daily penalties, although the applicable amount can be reduced for returns submitted within three months.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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EXCLUSIVE: FBR launches large-scale probe into foreign transactions by fund managers, trusts
Tax authorities to scrutinise offshore investments, fund transfers, CRS compliance and financial reporting by identified taxpayers and institutions.
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FBR secretary penalised, increment withheld for three years
Muhammad Umar receives minor disciplinary penalty after inquiry finds negligence in submitting Performance Evaluation Reports, with no financial loss to the government.
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Customs Peshawar to auction dozens of vehicles on August 10
Vehicles from customs warehouses in Peshawar, Nowshera, Mardan, D.I. Khan, Kohat, Bannu and Abbottabad to be offered on an “as is where is” basis.
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Senate panel seeks FBR report on PTC, tobacco sector amid seized cigarette probe
Senate subcommittee asks FBR and FIA for details on cigarette brands, tax payments and alleged theft of 2,828 seized cartons.
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FBR’s IRIS tax return filing portal goes offline for scheduled maintenance
Tax authority advises taxpayers to complete returns, payments and registrations before scheduled weekend system maintenance.
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FBR orders compulsory retirement of senior auditor over unauthorised factory visit
Disciplinary inquiry finds unauthorised factory visit proved, while corruption allegation remains unsubstantiated.
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FBR constitutes committees to resolve Third Schedule implementation issues
Headquarters and field-level panels will address pricing, labelling and compliance challenges for imported and locally manufactured goods under the Sales Tax Act, 1990.
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KTBA, FBR agree on reforms to improve tax administration
Meeting focuses on IT upgrades, faster Section 7E refunds, simplified tax processes and stronger taxpayer facilitation.
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FBR prescribes foreign income and asset thresholds for TY 2026 tax returns
Resident individuals meeting specified overseas income or asset limits must submit a Foreign Income and Assets Statement with their annual tax return.
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