Karachi, January 21, 2025 – The Federal Board of Revenue (FBR) has announced January 31, 2025, as the deadline for submitting proposals for the federal budget 2025-26.
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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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RTO-1 Karachi Seals Toy Shop for POS Non-Compliance
Karachi, January 21, 2025 – The Regional Tax Office-1 (RTO-1) Karachi has taken decisive action by sealing a toy shop located in one of the city’s major commercial areas for violating Point of Sale (POS) regulations.
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FBR Tests New System for Rating and Rewards
Islamabad, January 20, 2025 – The Federal Board of Revenue (FBR) has officially announced the test run of a newly developed Rating and Reward System for its officers, marking a significant step under its transformation plan.
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Petroleum Products Drain Rs 1.42 Trillion in Taxes: FBR
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has revealed a staggering Rs 1.42 trillion in sales tax exemptions granted to petroleum products, despite a significant decline in consumption over the past year.
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FBR Achieves Historic Milestone with 6 Million Active Taxpayers
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has reached a significant achievement, with the number of active taxpayers in Pakistan surging to a record high of 6.07 million.
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FBR Prioritizes Tax Collection and Broadening for Budget 2025-26
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) is intensifying its efforts to boost tax collection and expand the tax base as part of the formulation of the federal budget for 2025-26.
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FBR to Incentivize Whistleblowers in Sales Tax Evasion Cases
Karachi, January 20, 2025 – In a move to combat sales tax evasion and promote transparency, the Federal Board of Revenue (FBR) has announced policy to reward whistleblowers who provide credible information leading to the detection of tax fraud, evasion, or corruption.
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New Tax Laws to Abolish Higher Tax Rates on Non-Filers
Islamabad, January 20, 2025 – The National Assembly is set to approve the “Tax Laws (Amendment) Bill, 2024,” which aims to overhaul the taxation regime by abolishing higher withholding tax rates for non-filers.
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FBR Disallows Sales Tax Refund Claims Filed After One Year
Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has announced that it will no longer entertain claims for sales tax refunds filed beyond a one-year period. This decision, based on Section 66 of the Sales Tax Act, 1990, emphasizes strict adherence to the stipulated time frame for refund claims.
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FBR Acquires 5-Year Data on Car Purchases by Non-Filers
Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has acquired extensive data on car purchases made over the past five years to initiate a crackdown on individuals with taxable income who have failed to meet their tax obligations.
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