Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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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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KCAA to stage protest against suspension of customs agents
Karachi, February 2, 2025 – The Karachi Customs Agents Association (KCAA) has announced plans to stage a protest against the recent suspension of customs agents accused of manipulating the Faceless Customs Assessment (FCA) system.
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Hyderabad customs to auction NDP vehicles on February 6, 2025
Karachi, February 2, 2025 – The Collectorate of Customs, Hyderabad, has announced an auction of non-duty paid (NDP) vehicles, scheduled to take place on February 6, 2025.
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FBR clarifies zero-rated supplies to diplomats and foreign missions
The Federal Board of Revenue (FBR) has provided clarity regarding the zero-rated supply of goods and services to diplomats and foreign missions under the Sales Tax Rules, 2006.
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Government to announce tax package for property transactions
Islamabad – February 2, 2025 – The government is preparing to announce a comprehensive tax package aimed at boosting property transactions, following recommendations from a special task force constituted by the prime minister.
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List of 45 Customs Agents Suspended in Faceless Scandal
Karachi, February 1, 2025 – The Federal Board of Revenue (FBR) has announced the suspension of 45 customs agents involved in manipulating the Faceless Customs Assessment System.
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FBR falls short of January tax collection target by Rs 85 billion
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has missed its tax collection target for January 2025, falling short by Rs 85 billion. The total tax revenue collected by the FBR for the month amounted to Rs 872 billion, which was significantly below the target of Rs 957 billion.
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New amnesty for property transactions in Pakistan?
Is Pakistan on the verge of introducing a new amnesty for property transactions, exempting buyers from disclosing their income sources?
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FBR files criminal case against faceless customs manipulators
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has launched criminal proceedings against a customs officer, several customs agents, and private individuals accused of tampering with the recently introduced Faceless Customs Assessment System—a key initiative designed to bring efficiency, transparency, and uniformity to customs clearance operations.
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Real estate pushes for income disclosure exemption on property
Islamabad – The real estate sector has urged the National Assembly Standing Committee on Finance and Revenue to amend “The Tax Laws (Amendment) Bill, 2024” to allow property transactions of up to Rs 50 million without requiring buyers to disclose their source of income.
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