KARACHI, April 24, 2025 — The Federal Board of Revenue (FBR) has experienced a sharp decline in income tax collection from profits on bank deposits in March 2025, with receipts plunging by 54% compared to the same month last year.
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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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ICMAP recommends transparent tax framework for traders
KARACHI, April 24, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has emphasized the urgent need for a transparent and efficient tax mechanism to bring traders into the formal tax system.
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World Bank flags Pakistan for lowest tax buoyancy among EMDEs
Pakistan has once again been identified by the World Bank as having one of the weakest tax buoyancies among Emerging Market and Developing Economies (EMDEs), placing it in the bottom quartile.
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FBR sets strict deadlines for electronic invoice integration
Islamabad, April 23, 2025 — The Federal Board of Revenue (FBR) has issued fresh directives mandating registered taxpayers to integrate their invoicing systems electronically in accordance with the country’s push toward greater tax digitization and compliance.
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FBR virtually halts new sales tax registration: KTBA
Karachi, April 23, 2025 — The Karachi Tax Bar Association (KTBA) has raised serious concerns over the abrupt cessation of new sales tax registration by the Federal Board of Revenue (FBR), calling the move disruptive and counterproductive to business compliance and economic activity.
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FBR mulls tax on YouTube, social media earnings in FY26 budget
Karachi, April 23, 2025 – The Federal Board of Revenue (FBR) is actively considering the introduction of a new tax regime targeting income generated through digital platforms such as YouTube and other social media channels.
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KCCI urges redefinition of withholding agent to ease tax burden
Karachi, April 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has recommended a critical reform in the country’s tax structure by suggesting changes to the existing definition of a withholding agent.
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LTO Karachi posts impressive 27% tax collection growth in 9MFY25
KARACHI, April 23, 2025 – The Large Taxpayers Office (LTO) Karachi has posted a remarkable 27% increase in revenue collection during the first nine months (July–March) of the fiscal year 2024–25, underscoring its critical role in Pakistan’s tax administration system.
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Understanding taxpayers’ rights when FBR impounds records
The relationship between the Federal Board of Revenue (FBR) and the taxpayer should be grounded in fairness, accountability, and transparency. While the FBR has the legal authority to impound records during audits or investigations, it is equally important to highlight and protect the rights of taxpayers during this process. Often, individuals and businesses feel powerless when their accounts, documents, or digital data are seized. However, the law provides clear safeguards to ensure that taxpayers’ rights are respected.
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PCDMA Seeks FTR Revival, Relief for Commercial Importers
Karachi, April 22, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has submitted a detailed set of tax proposals for the upcoming 2025–26 federal budget, urging the Federal Board of Revenue (FBR) to revive the Final Tax Regime (FTR) specifically for commercial importers. The association emphasized that restoring this system would provide much-needed relief, simplify taxation, and strengthen trust between the government and the business community.
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