Islamabad, February 20, 2025 – Finance Minister Muhammad Aurangzeb has underscored the urgent need to bring the undocumented economy into the tax net, warning that Pakistan can no longer afford to sustain “free riders” who evade taxation.
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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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Pakistan Grants Tax Exemption to ICC for Champions Trophy 2025
Islamabad, February 20, 2025 – Pakistan has decided to grant a tax exemption on income generated from the ICC Champions Trophy 2025, a move aimed at ensuring smooth operations for the highly anticipated cricket tournament.
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Islamabad Customs Announces Public Auction of Used Vehicles
Islamabad, February 19, 2025 – The Customs (Enforcement) Islamabad has officially announced a public auction of used vehicles, which is scheduled to take place on February 20, 2025.
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FBR Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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RTO-1 Karachi Targets POS Rule Breakers on Tariq Road
Karachi, February 18, 2025 – In a significant move against non-compliance with tax regulations, the Regional Tax Office (RTO)-1 Karachi has sealed three major retail outlets on Tariq Road for violating Point of Sale (POS) rules.
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Understanding Fraud Under the Customs Act, 1969
Karachi, February 18, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation regarding the definition of fraud under the Customs Act, 1969.
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PBC Recommends Wealth Reconciliation Mandatory for All
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has put forward a significant proposal to the Federal Board of Revenue (FBR), recommending that wealth reconciliation be made mandatory for all tax return filers.
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PBC Urges FBR to Raise Refund Processing Limits for Exporters
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to revise and increase the refund processing limits for exporters to facilitate business operations and improve liquidity.
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FBR Tightens POS Rules to Seal Tier-1 Retailer Outlets
Islamabad, February 17, 2025 – The Federal Board of Revenue (FBR) on Monday introduced stricter rules regarding the Point of Sale (POS) integration for Tier-1 retailers.
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