Lahore, June 1, 2025 – The Lahore High Court has issued a detailed judgment clarifying the legal process regarding the recovery of tax arrears and the initiation of criminal proceedings against taxpayers.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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PTBA seeks deadline extension for corporate taxpayer integration
Karachi, May 31, 2025 – The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for corporate taxpayers to complete their integration with the FBR’s electronic system. The current deadline is set to expire on June 1, 2025.
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ICAP suggests banking transaction monitoring for tax broadening
Karachi, May 31, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has urged the Federal Board of Revenue (FBR) to intensify monitoring of high-value banking transactions as a core strategy for the broadening of the tax base.
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FBR mulls making NTN registration mandatory for informal sectors
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) is considering to implement mandatory NTN registration for Pakistan’s informal economic sectors as in the budget for fiscal year 2025–26.
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FBR sees 19% growth in May tax collection but falls short of target
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) recorded a notable 19% year-on-year increase in tax collection for May 2025, though it fell short of meeting its monthly target, according to a report by Arif Habib Limited.
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Pakistan to eliminate ‘non-filer’ status in budget 2025-26
In a landmark shift in its taxation policy, Pakistan is preparing to eliminate the term ‘non-filer’ from its tax laws — a move set to be officially introduced in the upcoming Budget 2025-26.
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FBR extends April sales tax return filing deadline to June 5
Islamabad, May 30, 2025 — The Federal Board of Revenue (FBR) on Friday extended the deadline for filing the sales tax return for the month of April 2025.
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FBR reshuffles top taxpayers to trace foreign assets
Karachi, May 30, 2025 – In a bold and strategic move, the Federal Board of Revenue (FBR) has unleashed a sweeping reshuffle, transferring 21 high-profile taxpayers to intensify monitoring of their offshore assets.
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Rs3 million banking transactions to face regulatory scrutiny soon
In a major move to tighten financial regulations and enhance transparency, a critical proposal is being considered for inclusion in Pakistan’s upcoming Budget 2025–26. The proposal recommends mandatory scrutiny of banking transactions exceeding Rs3 million, especially those conducted through personal bank accounts.
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Will super tax finally end in budget 2025–26? Debate continues
As the countdown to the federal Budget 2025–26 begins, the future of the controversial super tax hangs in the balance.
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