Karachi, September 16, 2025 – The Karachi Tax Bar Association (KTBA) has once again expressed serious concerns regarding the functionality and stability of the Federal Board of Revenue’s (FBR) online return filing portal, IRIS.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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FBR launches action over FCA leaked report allegations
Islamabad, September 16, 2025 – The Federal Board of Revenue (FBR) has formally initiated action against individuals suspected of involvement in the unauthorized leakage of a sensitive report related to the Faceless Customs Assessment (FCA) system.
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FBR prescribes penalties for non-issuance of sales tax invoice
Islamabad, September 15, 2025 – The Federal Board of Revenue (FBR) has announced new penalties for taxpayers who fail to comply with requirements regarding the issuance of sales tax invoice during the tax year 2025-26.
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FBR Sets Penalties for Non-Filing of Sales Tax Returns
Islamabad, September 15, 2025 – The Federal Board of Revenue (FBR) has officially outlined monetary penalties for individuals and entities that fail to file their sales tax returns within the prescribed deadlines during the tax year 2025-26.
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FBR may extend deadline for sales tax integration
Karachi, September 15, 2025 – The Federal Board of Revenue (FBR) is considering an extension of the deadline for sales tax integration of registered taxpayers’ invoicing systems with its central platform, following growing concerns from the business community.
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SBP expected to keep benchmark policy rate unchanged at 11%
Karachi, September 15, 2025 – The State Bank of Pakistan (SBP) is widely expected to maintain its benchmark policy rate at 11 percent in the upcoming Monetary Policy Committee (MPC) meeting scheduled for Monday (today).
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FTO slams illegal tax assessment by Karachi FBR officials
Islamabad, September 2025 – The Federal Tax Ombudsman (FTO) has issued strong remarks against the Federal Board of Revenue (FBR) officials in Karachi for passing what it termed “patently illegal” and ex parte tax assessment orders against an old-age citizen.
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Dream Number: FBR Nears 8 Million Active Taxpayers
Karachi, September 15, 2025 – The Federal Board of Revenue (FBR) is on the verge of achieving a historic milestone of 8 million active taxpayers for the tax year 2024, according to the latest figures released on Monday.
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Tax exemption to electricity companies surge 173%: FBR
Karachi, September 14, 2025 – The Federal Board of Revenue (FBR) has reported a massive surge in tax benefits provided to the electricity generation sector.
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Income Tax Credits Surge to Rs78 Billion: FBR
The Federal Board of Revenue (FBR) has reported a significant jump in income tax credits, which surged to Rs78 billion in tax year 2024 compared to Rs24 billion in the preceding year.
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