Karachi, March 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued new Valuation Rulings to revise the customs values of Non-Alloy Steel Wire and Iron or Non-Alloy Steel Wire Rod (Low/High Carbon).
(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.
-
Pakistan Revises Customs Valuation for Imported Chocolates
Karachi, March 2025 – The Directorate General of Customs Valuation, Pakistan Customs, has issued a new Valuation Ruling for imported chocolates under the Customs Act, 1969.
(more…) -
KTBA Appeals for Sales Tax Deadline Shift Amid IRIS Issues
Karachi, March 17, 2025 – The Karachi Tax Bar Association (KTBA) has formally urged the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns due to ongoing technical issues with the IRIS portal.
(more…) -
Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
(more…) -
Pakistan Curbs Cigarette Consumption Through Strict Tax Policies
Karachi, March 16, 2025 – Pakistan has successfully achieved a significant reduction in cigarette consumption by implementing stringent taxation policies, marking a crucial step in its public health efforts.
(more…) -
Retailers Face Technical Glitches in FBR’s POS System
The Chainstore Association of Pakistan (CAP), the representative body of major retailers in the country, has raised serious concerns regarding the persistent technical and enforcement challenges faced by FBR-POS Integrated Tier-1 Retailers.
(more…) -
FBR Deploys High-Tech Monitoring for Production Compliance
Islamabad, March 15, 2025 – The Federal Board of Revenue (FBR) has introduced stringent measures to enhance the monitoring of industrial production through advanced electronic surveillance. The latest amendments aim to bolster tax compliance and improve transparency in manufacturing activities across Pakistan.
(more…) -
SITE Association Urges FBR to Extend Sales Tax Filing Deadline
Karachi, March 15, 2025 – The SITE Association of Industry has called on the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns, citing severe technical challenges faced by taxpayers using the FBR’s online IRIS system.
(more…) -
PM Shehbaz Confident of Resolving Rs 400 Billion Tax Cases
ISLAMABAD: Prime Minister Shehbaz Sharif has expressed strong optimism regarding the resolution of pending tax cases worth Rs 400 billion, citing a recent Sindh High Court ruling that granted a significant relief of Rs 23 billion to the government. He emphasized that these legal victories would contribute to strengthening Pakistan’s financial stability.
(more…) -
Punjab Cracks Down on Property Tax Defaulters
The Punjab Excise & Taxation Department has intensified its efforts to recover outstanding property taxes by launching a large-scale crackdown on defaulters.
(more…)