Karachi, September 27, 2025 – The Federal Board of Revenue (FBR) has announced that the levy of default surcharge will continue during the tax year 2025-26 for all cases of non-compliance with the Sales Tax Act, 1990.
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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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FBR crackdown: Jewelers face tax storm after Sept 30
Karachi, September 27, 2025 – The Federal Board of Revenue (FBR) has announced that strict measures will be initiated against defaulting jewelers after September 30, while temporarily suspending market raids to allow compliance.
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FBR makes online jurisdiction change mandatory
Islamabad, September 27, 2025 – The Federal Board of Revenue (FBR) has issued fresh instructions restricting all requests for jurisdiction changes to its online system.
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FBR withdraws market value from 2025 tax filings
Islamabad, September 26, 2025 – The Federal Board of Revenue (FBR) has officially withdrawn the controversial column requiring taxpayers to declare the estimated market value of their assets in the annual income tax return for tax year 2025.
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FBR keeps IR offices open ahead of return deadline
Islamabad, September 26, 2025 – The Federal Board of Revenue (FBR) has issued instructions to Inland Revenue (IR) offices to remain operational on Saturday, September 27, and Sunday, September 28, treating them as regular working days.
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FTO probes controversial changes to wealth statement
Islamabad, September 26, 2025 – The Federal Tax Ombudsman (FTO) has initiated an investigation into recent changes made to the wealth statement, a crucial component of the annual income tax return.
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FBR excludes key income tax exemptions from estimates
Islamabad, September 26, 2025 – The Federal Board of Revenue (FBR) has clarified that several income tax exemptions and concessions have been deliberately excluded from its official estimates in the newly issued Tax Expenditure Report 2025.
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FBR’s Magical Return Form: Changed Without Change!
In yet another episode of “Taxpayers vs. Logic,” the Federal Board of Revenue (FBR) has officially declared that the 2025 income tax return form has not changed at all—except that it now magically requires new restrictions.
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Pakistan alters wealth statement rules, says Zaidi
KARACHI – Shabbar Zaidi, Pakistan’s top tax expert and former chairman of the Federal Board of Revenue (FBR), has raised serious concerns over the revised Wealth Tax Statement introduced for the 2025 tax period.
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Tax experts reject market value rule in 2025 returns
KARACHI – Leading tax practitioners have urged the Federal Board of Revenue (FBR) to withdraw the recently added requirement of declaring the estimated market value of assets in income tax returns for the year 2025.
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