Pakistan Revenue
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.
If you are a salaried individual earning above the threshold of Rs. 600,000 annually, understanding how the Federal Board of Revenue (FBR) calculates your income is essential for accurate tax return filing in tax year 2026.
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Islamabad, March 29, 2026 – The Federal Board of Revenue (FBR) has so far been unable to enforce newly introduced restrictions on ineligible persons under Section 114C of the Income Tax Ordinance 2001 for the fiscal year 2025–26, raising concerns about regulatory delays and tax compliance gaps.
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Karachi, March 29, 2026 – The Institute of Cost and Management Accountants of Pakistan has proposed an innovative consumer lottery scheme aimed at improving tax compliance and documenting retail transactions across the country. The recommendation has been submitted as part of budget proposals for the Federal Budget 2026–27 to the Ministry of Finance Pakistan.
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Islamabad: The Prime Minister’s Office has established a high-level Task Force to review and propose comprehensive reforms for the legal wing of the Federal Board of Revenue (FBR), in a move aimed at strengthening Pakistan’s tax litigation system and improving revenue enforcement.
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Islamabad – Pakistan’s jewelry sector has raised serious concerns over taxation policies during a high-level meeting with the Federal Board of Revenue, highlighting issues that are negatively impacting business operations and growth.
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Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has issued key directives to address long-standing tax and operational challenges faced by Karachi’s business community during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on March 26, 2026.
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Islamabad, March 26, 2026: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue intelligence officer following the conclusion of disciplinary proceedings in a high-profile raw tobacco tax case.
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Islamabad – The Federal Board of Revenue (FBR) has established a new customs station at the Pakistan-Iran border to streamline the handling of personal baggage for passengers entering the country from Iran. The move is aimed at improving border management and ensuring smoother processing for travelers.
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Karachi, March 26, 2026 – The Institute of Cost and Management Accountants of Pakistan has projected that Pakistan could generate around Rs15 billion annually by imposing a tax on digital platforms in the upcoming budget 2026–27.
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Islamabad, March 26, 2026 – The Large Taxpayers Office Islamabad (LTO Islamabad) has delegated key powers to Inland Revenue (IR) officers to accelerate the assessment and processing of taxpayer cases, aiming to improve efficiency and reduce delays in tax administration.
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