Karachi, March 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for filing sales tax returns until March 27, 2025.
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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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LTO Karachi Collects Rs3.60B CVT on Vehicles, Foreign Assets
Karachi, March 23, 2025 – The Large Taxpayers Office (LTO) Karachi has successfully collected Rs 3.60 billion as Capital Value Tax (CVT) on motor vehicles and foreign assets during the first eight months (July to February) of the fiscal year 2024-25.
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FBR Slows Tax Refunds to Boost FY25 Revenue
The Federal Board of Revenue (FBR) has deliberately slowed down the disbursement of tax refunds as part of its strategy to enhance revenue collection for the fiscal year 2024-25.
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Sales Tax Collection on Imports Sees 30% Surge in February 2025
Karachi, March 23, 2025 – The collection of sales tax on imports witnessed a significant 30% surge in February 2025, offering a much-needed boost to the Federal Board of Revenue (FBR) in its revenue collection efforts.
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PM Shehbaz Pushes FBR Reforms After Record Tax Recovery
Islamabad, March 23, 2025 – Prime Minister Shehbaz Sharif chaired a high-level meeting to assess the performance of the Federal Board of Revenue (FBR), where he lauded the institution for its historic recovery of Rs 34.5 billion.
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IHC Transfers Super Tax Cases to Supreme Court of Pakistan
Islamabad, March 22, 2025 – A division bench of the Islamabad High Court (IHC) has directed the transfer of all pending cases challenging the super tax under Sections 4B and 4C of the Income Tax Ordinance, 2001, to the Supreme Court of Pakistan.
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MTO Karachi Seals Furniture Outlets for POS Violation
Karachi, March 22, 2025 – The Medium Taxpayers Office (MTO) Karachi has taken decisive action against a well-known furniture retailer for failing to comply with mandatory Point of Sale (POS) integration requirements.
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Pakistan’s Agriculture Tax Rates Among Highest in Region: ICMAP
Karachi, March 22, 2025 – A recent study by the Institute of Cost and Management Accountants of Pakistan (ICMAP) has highlighted that Pakistan’s agriculture tax rates are among the highest in the region, raising concerns about enforcement and long-term sectoral impact.
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Customs Thwarts Smuggling of Tramadol Worth Rs 2.8 Billion
Karachi, March 22, 2025 – The Collectorate of Customs Enforcement successfully intercepted a major smuggling attempt involving 5.6 million Tramadol tablets, valued at approximately Rs 2.8 billion.
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PM Shehbaz Hails Recovery of Windfall Tax
Karachi, March 21, 2025 – Prime Minister Shehbaz Sharif on Friday lauded the successful recovery of windfall tax, emphasizing its significance in strengthening Pakistan’s economy.
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