Islamabad, March 12, 2025 – The Federal Board of Revenue (FBR) has announced the reconstitution of its project team tasked with overseeing the tax system digitalization project.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
FBR to Auction NDP Vehicles in D.I. Khan on March 13, 2025
Karachi, March 12, 2025 – The Federal Board of Revenue (FBR) has officially announced an auction of non-duty paid (NDP) vehicles, scheduled to take place on March 13, 2025, in Dera Ismail Khan.
(more…) -
FBR Appoints Refund Commissioner at CTO Karachi
Islamabad, March 11, 2025 – The Federal Board of Revenue (FBR) has appointed Imran Ali Sheikh, an officer of the Inland Revenue Service (IRS) BS-19, as the new Commissioner (Refunds) at the Corporate Tax Office (CTO) Karachi.
(more…) -
FBR Unveils Procedure to Calculate Taxable Income
The Federal Board of Revenue (FBR), Pakistan’s premier tax regulatory authority, has introduced a detailed procedure for determining taxable income.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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).
(more…) -
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).
(more…) -
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.
(more…)