Islamabad, February 10, 2025 – The Federal Board of Revenue (FBR) has announced a record-breaking 6.26 million active taxpayers ahead of the implementation of stringent measures aimed at curbing tax evasion.
(more…)Category: Taxation
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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Tax Package for Real Estate Unlikely Before Budget 2025-26
Islamabad, February 9, 2025 – The government is unlikely to introduce any tax package for the real estate sector before the presentation of the budget for the fiscal year 2025-26.
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PM Shehbaz Pays Tribute to Salaried Class for Bearing Tax Burden
Islamabad, February 8, 2025 – Prime Minister Shehbaz Sharif on Saturday acknowledged the resilience and dedication of the salaried class, commending them for bearing a significant tax burden amid the stringent conditions imposed by the International Monetary Fund (IMF).
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KTBA Urges FBR to Delay SRO 55 Compliance for Two Months
Karachi, February 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to defer the implementation of SRO 55(I)/2025, which introduces key modifications to sales tax return filing.
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NA Set to Approve Tax Bill to Restrict Transactions by Non-Filers
Islamabad, February 7, 2025 – The National Assembly is poised to approve the Tax Amendment Bill in its upcoming session, which aims to impose strict restrictions on non-filers of income tax returns, preventing them from engaging in various financial transactions.
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Major FBR Shakeup: Ahmad Shuja Becomes Member Audit
Islamabad, February 7, 2025 – The Federal Board of Revenue (FBR) has undertaken a significant administrative reshuffle, transferring several senior Inland Revenue Service (IRS) officers to key positions.
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KPRA Achieves Record Tax Collection in January
PESHAWAR: Advisor to the Khyber Pakhtunkhwa (KP) Chief Minister on Finance and Inter-Provincial Coordination, Muzzamil Aslam, has announced that the Khyber Pakhtunkhwa Revenue Authority (KPRA) has once again demonstrated its efficiency by achieving a record-breaking tax collection in January.
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APCCA Takes Trade Bodies On-Board to Halt Customs Operations
KARACHI: The All Pakistan Customs Agents Association (APCCA) has announced its decision to suspend import and export clearance services across Pakistan within the next 15 days, a move that threatens to paralyze the country’s trade operations.
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PM Shehbaz to Review Tax Recommendations for Housing Sector
Islamabad – Prime Minister Mohammad Shehbaz Sharif is set to review key tax recommendations put forth by the housing sector task force during a crucial meeting today February 6, 2025.
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FBR Updates Extra Tax Collection Procedure from Non-ATL Users
Karachi, February 6, 2025 – The Federal Board of Revenue (FBR) has introduced updated procedures for collecting extra sales tax from electricity and gas consumers who are not listed on the Active Taxpayers List (ATL).
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