Karachi, December 10, 2025 – The Federal Board of Revenue (FBR) has officially announced December 31, 2025 as the last date for corporate entities to file their annual income tax returns for Tax Year 2025. The tax authority has reminded companies to ensure timely filing in compliance with the Income Tax Ordinance, 2001.
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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 clarifies tax treatment of gains on disposal of assets outside Pakistan
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided detailed guidance on the tax treatment of gains from disposal of assets outside Pakistan under Section 101A of the Income Tax Ordinance, 2001.
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FBR explains geographical source of income for tax year 2026
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation on what constitutes Pakistan-source income for Tax Year 2026 under Section 101 of the Income Tax Ordinance, 2001.
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FBR notifies fresh property valuation tables for Islamabad, issues SRO 2392(I)/2025
Islamabad, December 9, 2025 — The Federal Board of Revenue (FBR) has officially notified new property valuation tables for Islamabad through SRO 2392(I)/2025, dated December 8, 2025, bringing an end to the previous valuation framework introduced in July 2022.
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Pakistan’s tax-to-GDP ratio expected to hit 11% in FY26: finance minister
Islamabad, December 8, 2025 – Pakistan’s tax-to-GDP ratio is projected to reach 11% in the current fiscal year (FY26), Finance and Revenue Minister Muhammad Aurangzeb announced on Monday.
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Return filers traumatized by compliance messages, FBR issues clarification
Islamabad, December 8, 2025 – A wave of confusion spread among return filers on Monday after many taxpayers unexpectedly received SMS reminders urging them to file their income tax returns for Tax Year 2025, despite having already filed before the deadline.
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Pakistan Customs foils attempt to smuggle nearly 49,000 liters of diesel
Karachi, December 8, 2025 – The Pakistan Customs on Monday announced the successful interception of a major attempt to smuggle a large quantity of diesel along the country’s coastline. The operation was carried out by the Marine Unit of the Enforcement Collectorate, Karachi, highlighting the authorities’ commitment to curbing fuel smuggling and protecting national revenue.
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Karachi Customs seizes smuggled mobile phones, tampered Prado worth Rs96 million
Karachi, December 7, 2025 – In a major crackdown on smuggling, the Collectorate of Customs Enforcement Karachi has seized 564 high-end smuggled mobile phones along with a tampered Toyota Land Cruiser Prado, valued at a total of Rs96 million. The operation took place near the Karachi–Hyderabad Toll Plaza and was conducted based on precise intelligence.
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FBR issues first-ever customs valuation ruling for aromatic chemicals: VR 2029
Karachi, December 7, 2025 – The Federal Board of Revenue (FBR) has, for the first time, introduced fixed customs values for a range of aromatic chemicals to standardize the assessment of duties and taxes at the import stage.
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Punjab Launches Mega Operations Against Widespread Tax Evasion
Lahore, December 7, 2025 – The Punjab Revenue Authority (PRA) has initiated large-scale operations across the province to curb tax evasion and enforce strict compliance among commercial entities.
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