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.
Islamabad – The Federal Board of Revenue (FBR) has approached the Federal Constitutional Court (FCC), challenging a decision of the Peshawar High Court (PHC) that ordered the de-sealing of three tobacco manufacturing companies in Khyber Pakhtunkhwa.
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Lahore, March 16, 2026 – The Punjab Revenue Authority (PRA) has made tax registration mandatory for food businesses seeking registration with the Punjab Food Authority (PFA) as part of broader tax reforms aimed at expanding the provincial tax base.
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Islamabad, March 16, 2026: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that taxpayers’ super tax liabilities are adjusted against their pending income tax refunds, terming the department’s refusal to do so arbitrary and discriminatory.
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Karachi, March 16, 2026 – The Federal Board of Revenue (FBR) has transferred the cases of several major multinational companies (MNCs) to the Large Taxpayers Office (LTO) Karachi to strengthen corporate tax oversight and ensure compliance with domestic tax laws.
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Karachi, March 16, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of tax proposals to the Tax Policy Office (TPO), Ministry of Finance, aimed at enhancing revenue generation and formalizing the economy for the upcoming Federal Budget 2026–27.
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Islamabad, March 16, 2026 – The Federal Board of Revenue (FBR) on Monday announced the formation of two departmental committees tasked with recommending promotions for officials within the Inland Revenue Service (IRS). The move aims to streamline the promotion process and recognize the performance of officers across various grades in the department.
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Karachi, March 2026 – The Federal Board of Revenue (FBR) has clarified the liability of individuals responsible for offences committed by companies under the Income Tax Ordinance, 2001. The 2026 update emphasizes stricter accountability for company officials and members of associations of persons (AOPs).
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Karachi, March 13, 2026 – The Federal Board of Revenue (FBR) has issued Valuation Ruling (VR) No. 2/2026 to establish the customs export value of meat for the calculation of duties and taxes. This move aims to standardize export pricing and ensure compliance under the Customs Act, 1969.
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Karachi, March 13, 2026 – JS Investments has been embroiled in a tax dispute with the Federal Board of Revenue (FBR) for over two decades, raising questions about the effectiveness of prolonged legal proceedings and the impact of currency depreciation on recoverable tax amounts.
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Lahore, March 12, 2026 – The Punjab Revenue Authority (PRA) has decided to launch a province-wide public awareness campaign to combat tax evasion by engaging students and educational institutions across Punjab.
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