Understanding the tax year is essential for accurate and timely filing of income tax returns in Pakistan. A tax year refers to a continuous period of twelve months ending on the 30th of June, representing the financial year.
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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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Pakistan Customs raids Jodia Bazar, seizes smuggled goods
Karachi, October 11, 2025 — In a major anti-smuggling breakthrough, Pakistan Customs carried out a successful raid at Jodia Bazar, Karachi’s largest and oldest wholesale market, recovering a substantial quantity of foreign-origin smuggled goods.
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FBR announces deadline for claiming sales tax refunds
Islamabad, October 11, 2025 – The Federal Board of Revenue (FBR) has issued a clear deadline for taxpayers to claim their sales tax refunds, emphasizing the importance of timely applications.
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FBR rakes in record Rs89b from exports under new tax regime
Islamabad, October 11, 2025 — In a major fiscal breakthrough, the Federal Board of Revenue (FBR) has collected an unprecedented Rs89 billion in advance tax from exports during the first year of the new levy’s implementation — marking a historic shift in Pakistan’s taxation structure for the export sector.
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Pakistan customs seizes largest-ever smuggled oil shipment
Karachi, October 10, 2025 – In a landmark operation, Pakistan Customs has confiscated the largest-ever quantity of smuggled oil in deep waters, marking a major success in the country’s ongoing anti-smuggling campaign.
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FBR announces major reshuffle, appoints Hina Akram as DG WHT
Islamabad, October 10, 2025 – The Federal Board of Revenue (FBR) on Friday carried out a major reshuffle within the Inland Revenue Service (IRS), transferring and posting several senior officers, including the appointment of Ms. Hina Akram as Director General (DG) of Withholding Taxes.
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FBR fully authorized for real-time access to national data
Islamabad, October 10, 2025 – In a significant move toward strengthening tax enforcement, the Federal Board of Revenue (FBR) has been granted full access to national databases in real time, empowering the agency to enhance its monitoring and compliance mechanisms across the country.
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What Are the Legal Modes of Serving Sales Tax Orders?
The Sales Tax Act, 1990 clearly explains how official notices, orders, or decisions related to sales tax should be legally delivered to individuals and businesses. According to the Federal Board of Revenue (FBR), these procedures, mentioned in Section 56 of the Act, will continue to apply during the tax year 2025–26.
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Withholding tax on electricity generates Rs146b for FBR in FY25
Islamabad, October 9, 2025 – The Federal Board of Revenue (FBR) has reported a significant rise in revenue from withholding tax on electricity, collecting Rs146 billion during fiscal year 2024–25.
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Punjab collects Rs66.41b sales tax in 1QFY26
Lahore, October 9, 2025 – The Punjab Revenue Authority (PRA) has achieved remarkable growth in tax revenue, collecting Rs66.41 billion in sales tax on services during the first quarter of fiscal year 2025–26.
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