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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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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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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FBR Takes Major Action, Dismisses IR Inspector
Islamabad, March 6, 2025 – In a significant disciplinary action, the Federal Board of Revenue (FBR) has dismissed an Inland Revenue (IR) Inspector from service on charges of inefficiency and misconduct.
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Banks Plan to Move Supreme Court on Windfall Tax
Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.
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Najeeb Memon Appointed as Official Spokesperson of FBR
Islamabad, March 5, 2025 – The Federal Board of Revenue (FBR) has officially designated Najeeb Ahmad Memon as its spokesperson, reinforcing its commitment to transparent communication and effective policy dissemination.
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KTBA Calls for Immediate Appointment of Refund Commissioner
Karachi, March 5, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to take immediate action by appointing a Commissioner Inland Revenue at Zone-II, Corporate Tax Office (CTO), Karachi, to facilitate the efficient processing and timely issuance of refunds.
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SCB Pakistan Pays Rs59Bn Income Tax at 54.2% Corporate Rate
Karachi, March 5, 2025 – Standard Chartered Bank (SCB) Pakistan Limited announced on Wednesday that it paid Rs 59 billion in income tax for the calendar year 2024, reflecting a corporate tax rate of 54.2%.
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Pakistan Customs Revises Values for Mobile Phone LCD Screens
Karachi, March 4, 2025 – Pakistan Customs has announced a revision in the valuation of mobile phone LCD screens to determine the applicable duty and taxes at the import stage.
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FBR Forms Monitoring Committee to Oversee ICTE
Islamabad, March 4, 2025 – The Federal Board of Revenue (FBR) has officially constituted a monitoring committee to supervise the establishment and operations of the International Center for Tax Excellence (ICTE).
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Gatron Challenges Supreme Court Ruling in Tax Credit Case
Karachi, March 4, 2025 – Gatron (Industries) Limited has filed a review petition against the recent Supreme Court of Pakistan ruling in the tax credit case, aiming to secure its claim over investment-related tax benefits.
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