Islamabad – June 3, 2025: The Federal Board of Revenue (FBR) has achieved a major legal victory as the Islamabad High Court (IHC) approved tax recovery of over Rs26 billion from Bahria Town.
(more…)Category: Taxation
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.
-
PM Shehbaz expresses satisfaction over faceless customs reforms
Islamabad, June 2, 2025 – Prime Minister Shehbaz Sharif expressed deep satisfaction on Monday regarding the impressive progress and performance of the faceless customs assessment system, describing it as a significant step toward transparency and efficiency in Pakistan’s revenue operations.
(more…) -
FY26 Budget Bombshell: Pakistan plans CVT on movable assets
Islamabad, June 2, 2025 – The government of Pakistan is likely to reintroduce Capital Value Tax (CVT) on movable assets in the upcoming federal budget for fiscal year 2025-26. Highly placed sources revealed on Monday that the proposed tax will specifically target the country’s wealthiest individuals, aiming to tap into movable assets such as cash, gold, savings, and investments.
(more…) -
Tax on bank deposits likely to Increase in Budget 2025-26
The Federal Board of Revenue (FBR) is considering a proposal to increase tax rates on profit earned from bank deposits in the upcoming federal budget for 2025-26.
(more…) -
Faceless Customs: A nightmare for corrupt elements
The launch of Faceless Customs Assessment (FCA) is nothing short of a revolution—one that’s shaking the foundations of the deeply entrenched system of corruption and malpractice in Pakistan’s import-export sector.
(more…) -
Hyderabad Customs to auction seized NDP vehicles in June
Hyderabad, June 1, 2025 – Hyderabad Customs has officially announced the auction of various non-duty paid (NDP) vehicles that were previously seized for customs violations.
(more…) -
KCCI endorses faceless customs, calls nationwide implementation
Karachi, June 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has extended its full support for the Faceless Customs Assessment (FCA) system and has urged the federal government to accelerate its expansion across all ports and customs stations in Pakistan.
(more…) -
FBR records 168% growth in CGT collection amid PSX boom
Karachi, June 1, 2025 – The Federal Board of Revenue (FBR) has reported an exceptional 168% surge in Capital Gain Tax (CGT) collection from the disposal of securities during the first 10 months (July–April) of the fiscal year 2024–25.
(more…) -
ICAP recommends WHT on royalty payments to local recipients
Karachi, June 1, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed the introduction of a structured withholding tax (WHT) mechanism on royalty payments made to resident individuals and entities.
(more…) -
IMF presses FBR to offset salaried class tax relief in FY26 budget
The International Monetary Fund (IMF) has asked the Federal Board of Revenue (FBR) to submit alternate taxation proposals if the government proceeds with its planned tax relief for the salaried class in the upcoming federal budget for 2025–26.
(more…)