Islamabad, December 31, 2025 — The Federal Board of Revenue (FBR) has initiated a comprehensive scrutiny exercise targeting exporters after observing a significant decline in their declared taxable income for the tax year 2025. This move aims to ensure compliance with updated tax regulations and curb potential revenue losses.
(more…)Category: Taxation
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 traders protest FBR’s POS device installation policy
Islamabad – Traders in the federal capital on Tuesday staged a protest against the Federal Board of Revenue’s (FBR) move to install Point of Sale (POS) devices at retail outlets, calling the policy a “black law” and demanding its immediate withdrawal.
(more…) -
FBR Catches Digital Information of Taxpayers in Tax Year 2026
With Pakistan’s tax system rapidly going digital, the Federal Board of Revenue (FBR) has significantly expanded its ability to access real-time digital data of taxpayers in tax year 2026. If you think your financial footprint is limited to tax returns only—think again.
(more…) -
Taxpayers Get Ready in 2026: FBR Can Enter Your Premises Without Notice
Taxpayers in Pakistan should be fully aware that income tax laws empower the Federal Board of Revenue (FBR) to enter business or residential premises without prior notice. With stricter enforcement measures in place for tax year 2026, compliance and proper record-keeping have become more important than ever.
(more…) -
How Many Years Should You Keep Income Tax Records? Taxpayers Must Know
Keeping proper tax records is not just good practice—it is a legal requirement in Pakistan. Many taxpayers are unaware of how long they must retain documents, which can lead to serious issues during audits or investigations by the Federal Board of Revenue (FBR).
(more…) -
FBR explains safeguards for tax-free imports into Gilgit-Baltistan
The Federal Board of Revenue (FBR) has addressed concerns raised by traders and business bodies regarding the proposed procedure for tax-free imports meant exclusively for Gilgit-Baltistan (GB).
(more…) -
Inspector RTO Karachi sacked for illegal access to taxpayers’ data
Islamabad, December 30, 2025 – The Federal Board of Revenue (FBR) has dismissed an inspector posted at Regional Tax Office (RTO)-I Karachi for illegally accessing and misusing taxpayers’ data.
(more…) -
SBP orders banks to extend working hours on December 31 to facilitate taxpayers
Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday instructed all commercial banks to extend their working hours on December 31, 2025, to facilitate taxpayers in the smooth payment of government duties and taxes ahead of the year-end deadline.
(more…) -
PM Shehbaz dismisses FBR’s BS-20 IRS officer over corruption charges
Islamabad, December 30, 2025 – Prime Minister Shehbaz Sharif has approved the dismissal of a BS-20 officer of the Inland Revenue Service (IRS) on proven corruption charges. The officer, Riaz Ali Shah, was serving as Chief (Accounting) in the Organizational Audit Wing of the Federal Board of Revenue (FBR), Islamabad, while posted in Karachi.
(more…) -
Who Can Represent You Before FBR in Tax Year 2026
Navigating the Federal Board of Revenue (FBR) procedures can be complex, and often taxpayers require a representative to act on their behalf. Section 172 of the Income Tax Ordinance, 2001 clearly outlines who can legally represent you in Pakistan for tax year 2026.
(more…)