Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has formally highlighted a series of functional and procedural anomalies in the IRIS portal operated by the Federal Board of Revenue (FBR), urging the tax authority to implement immediate corrective measures to improve efficiency and compliance.
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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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KTBA urges FBR to eliminate Section 7E in budget 2025–26
Karachi, May 1, 2025 – The Federal Board of Revenue (FBR) has been urged to eliminate the controversial Section 7E of the Income Tax Ordinance, 2001, in the forthcoming federal budget for fiscal year 2025–26.
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KTBA proposes abolishing super tax in budget 2025–26
Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has strongly called for the complete abolition of the super tax in its detailed budget proposals for the fiscal year 2025–26.
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KCCI proposes action plan to curb under-invoicing in plastic imports
Karachi, May 1, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has submitted comprehensive recommendations to the government for the upcoming Budget 2025–26, addressing the growing issue of under-invoicing and misdeclaration on imported plastic, especially polyethylene and polypropylene products.
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PSX recommends lower tax rates for listed companies in budget
Karachi, May 1, 2025 — The Pakistan Stock Exchange (PSX) has submitted a set of tax proposals for the federal budget 2025–26, calling for a permanent reduction in corporate tax rates for listed companies.
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Finance Bill 2025 to enforce strict restrictions on non-filers
Islamabad, May 1, 2025 – The Government of Pakistan is gearing up to introduce strict restrictions on financial and economic activities of non-filers starting from the new fiscal year 2025–26.
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Tax collection shortfall crosses Rs800 billion in 10MFY25
Islamabad, May 1, 2025 – Pakistan’s tax collection performance continues to struggle as the Federal Board of Revenue (FBR) faces a widening shortfall that has now exceeded Rs800 billion during the first 10 months (July to April) of the current fiscal year (FY2024-25).
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FBR plans major tax relief for salaried class in budget 2025-26
Islamabad, May 1, 2025 – The Federal Board of Revenue (FBR) is working on a plan to provide significant tax relief to the salaried class in the upcoming federal budget for 2025-26.
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FBR delays electronic tax system integration for one month
Islamabad, April 30, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for the electronic integration of taxpayers, providing businesses more time to comply with the new invoicing regulations.
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KTBA proposes taxpayer-friendly measures in budget 2025–26
Karachi, April 30, 2025 – The Karachi Tax Bar Association (KTBA) has formally submitted its comprehensive set of tax proposals for the upcoming Budget 2025–26, emphasizing the need for a balanced, efficient, and taxpayer-friendly tax regime.
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