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, March 11, 2026 – The Federal Board of Revenue (FBR) has decided to continue working with full operational capacity despite austerity measures introduced by the federal government amid a petroleum crisis linked to regional tensions.
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Making a false or misleading statement to tax authorities is a serious offence in Pakistan. The law prescribes criminal penalties, including imprisonment and fines, under the Income Tax Ordinance, 2001 (updated for tax year 2026).
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Islamabad, March 11, 2026 – Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to provide digital tax services in Urdu and other regional languages to improve taxpayer accessibility and compliance. The move aims to make platforms like the Auto Tax System, Digital Invoicing System, IRIS, and other FBR applications more […]
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Islamabad, March 10, 2026 – Rashid Mahmood Langrial, chairman of the Federal Board of Revenue (FBR), has assured the business community that strict disciplinary action will be taken against tax officials involved in corruption or misconduct.
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Islamabad, March 10, 2026 – The Federal Board of Revenue (FBR) has implemented strict austerity measures in line with the federal government’s recent directives amid the ongoing fuel crisis. Effective immediately, 60% of official vehicles have been parked, and 50% of staff have been directed to work from home.
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Foreign investors considering opportunities in Pakistan often ask whether their investment income is tax-exempt. In 2026, Pakistan provides significant tax incentives for certain foreign investments under the Income Tax Ordinance, 2001, particularly through Section 44A, which links tax exemptions to the Foreign Investment (Promotion and Protection) Act, 2022.
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Islamabad, March 9, 2026 – The Pakistan Customs has announced a public auction of seized vehicles scheduled to take place on March 12, 2026, in Islamabad, offering an opportunity for buyers to acquire a variety of imported and locally used vehicles.
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Karachi, March 9, 2026 – United Bank Limited (UBL) has announced a 40% discount on tax filing services through third-party providers but clarified that it does not assume any liability for taxpayers availing the offer, which is provided to celebrate Ramazan.
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Karachi, March 9, 2026 – Bank Alfalah Limited has disclosed tax contingencies for the calendar year ended December 31, 2025, in its annual financial statements filed with the Pakistan Stock Exchange (PSX).
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ISLAMABAD: The Supreme Court of Pakistan has ruled that registering a First Information Report (FIR) or initiating criminal proceedings in tax-related matters is illegal if tax liability has not first been determined through proper assessment or adjudication under tax laws.
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