The Federal Board of Revenue (FBR), Pakistan’s premier tax regulatory authority, has introduced a detailed procedure for determining taxable 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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FBR Issues SRO 301 to Implement Key Changes in EFS
Islamabad – The Federal Board of Revenue (FBR) has issued SRO 301(I)/2025, introducing significant amendments to the Export Facilitation Scheme (EFS) and modifying key aspects of the Customs Rules, 2001.
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Kenya Lowers Customs Valuation on Pakistani Rice
KARACHI: Kenya has officially reduced the customs valuation for Pakistani rice to $460 per metric ton, down from its previous valuation of $615 per metric ton.
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FBR Halts New Sales Tax Registration, KTBA Raises Concerns
Karachi, March 7, 2025 – The Karachi Tax Bar Association (KTBA) has raised serious concerns over the virtual standstill in the Federal Board of Revenue’s (FBR) sales tax registration system, stating that the process has nearly come to a halt.
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FTO Directs FBR to Utilize IP Tracking in Tax Fraud Probes
Karachi, March 7, 2025 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to seek access to internet protocol (IP) data older than one year, similar to the access granted to other agencies under the Investigation for Fair Trial Act, 2013 (IFTA).
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Sales Tax Collection on Motor Cars Surges 193% in 1HFY25
Karachi, March 7, 2025 – The collection of sales tax on motor cars has witnessed an extraordinary 193% increase during the first half (July – December) of the current fiscal year 2024-25, according to a report released by the Federal Board of Revenue (FBR).
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FBR Collects Rs 85 Billion Income Tax through Electricity Bills
Karachi, March 7, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 85 billion as advance income tax on electricity consumption during the first half (July – December) of the ongoing fiscal year 2024-25.
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FBR Reports 40% Growth in Tax Payments with Returns
Karachi, March 7, 2025 – The Federal Board of Revenue (FBR) has reported an impressive 40% surge in tax payments made alongside tax return filings for the tax year 2024. This significant increase highlights the effectiveness of the government’s recent tax enforcement measures and the growing compliance among taxpayers.
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KCCI Highlights Tax Abuse at CTO Karachi
Karachi, March 6, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced serious concerns regarding the fairness and legality of tax enforcement actions targeting the textile sector.
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BankIslami to Challenge Windfall Tax in Supreme Court
Karachi, March 6, 2025 – BankIslami Pakistan Limited has decided to challenge the imposition of windfall tax in the Supreme Court of Pakistan after its petition was dismissed by the Sindh High Court.
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