Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
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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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PBC Proposes 1% Corporate Tax Reduction for Listed Companies
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has proposed a 1% reduction in the corporate tax rate for listed companies with a minimum float of 25% in a given year.
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Karachi Customs Auctions Huge Lot of Used Vehicles on Feb 19
Karachi, February 17, 2025 – The Collectorate of Customs, Karachi, has announced a large-scale auction of used vehicles scheduled for February 19, 2025.
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No Tax Amnesty for Property Transactions: FBR Chairman
Islamabad, February 16, 2025 – Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has categorically denied any plans to introduce a tax amnesty scheme for property transactions.
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Punjab Leads Motor Vehicle Tax Collection for Half-Year FY25
Islamabad, February 16, 2025 – The province of Punjab has emerged as the leader in motor vehicle tax collection among all provinces in Pakistan during the first half of the fiscal year 2024-25.
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FBR Reports 53% Surge in Salary Tax Collection During 7MFY25
Islamabad, February 16, 2025 – The Federal Board of Revenue (FBR) has reported a significant 53% surge in tax collection from the salaried class during the first seven months (July–January) of the fiscal year 2024-25.
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Power of Customs Officer to Call for Documents
Karachi, February 16, 2025 – The Federal Board of Revenue (FBR) has granted customs officers the authority to request documents from importers or exporters concerning consignment clearance.
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ICMA Pakistan Presents FBR Tax Reform Proposals
Karachi, February 15, 2025 – The Institute of Cost and Management Accountants (ICMA) Pakistan has submitted a comprehensive set of proposals to the Federal Board of Revenue (FBR), aiming to optimize revenue generation and support sustainable economic growth.
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What Are Dutiable Goods? FBR Explains
Karachi, February 14, 2025 – The Federal Board of Revenue (FBR) has provided clarification regarding dutiable goods, specifying the categories of goods on which customs authorities are mandated to collect duties and taxes upon importation.
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Tax Policy Office Established, FBR Focuses on Revenue Collection
Islamabad, February 14, 2025 – The Finance Ministry has issued a notification announcing the establishment of a dedicated Tax Policy Office, leaving the Federal Board of Revenue (FBR) to focus exclusively on revenue collection.
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