Islamabad, December 19, 2025 — Pakistan Customs, in collaboration with Pakistan Rangers, carried out a major anti-smuggling operation at Sohrab Goth in Karachi on Friday, confiscating foreign-origin smuggled goods valued at millions of rupees.
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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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Quetta Customs impounds nine NCP vehicles in major anti-smuggling operation
Islamabad, December 19, 2025 — In a significant crackdown on smuggling and illicit trade, the Collectorate of Enforcement Quetta has seized nine Non-Custom-Paid (NCP) vehicles along with a large quantity of smuggled goods during a major enforcement operation. The confiscated items include assorted brands of cigarettes, gutka, Chinese salt, and betel nuts, with the total value estimated at Rs 121.6 million.
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PM Shehbaz directs FBR, provinces to launch crackdown on illegal petrol pumps
Islamabad, December 19, 2025 – Prime Minister Muhammad Shehbaz Sharif on Friday ordered the Federal Board of Revenue (FBR) and provincial governments to initiate a massive crackdown on illegal petrol pumps operating across Pakistan. The directive aims to strengthen enforcement against smuggling, tax evasion, and illicit trade, ensuring protection of the country’s economic interests.
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LTO Karachi achieves record Rs1.27 trillion tax collection in 5MFY26
Karachi, December 19, 2025 – The Large Taxpayers Office (LTO) Karachi has accomplished an unprecedented milestone, amassing Rs1.27 trillion in tax revenue during the first five months (July–November) of fiscal year 2025-26, underscoring robust revenue mobilization efforts.
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Are you a 2025 return filer? You must know how FBR assesses your return
If you have filed your income tax return for tax year 2025, understanding how the Federal Board of Revenue (FBR) assesses your declaration is crucial. Many taxpayers believe filing a return ends their responsibility—but under Pakistan’s tax law, filing is only the beginning of the assessment process.
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Who is required to file a foreign income and assets statement in Pakistan?
If you are a resident taxpayer in Pakistan with overseas income or assets, filing a foreign income and assets statement is not optional—it is a legal obligation under the Income Tax Ordinance, 2001. Failure to comply can trigger enforcement action by the Federal Board of Revenue (FBR), especially from tax year 2026 onward.
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Your wealth statement must contain these details to avoid FBR action
Filing an accurate wealth statement is not just a formality—it is a legal requirement that can protect you from scrutiny, penalties, and enforcement action by the Federal Board of Revenue (FBR). Under the Income Tax Ordinance, 2001, the FBR has clearly defined what a valid wealth statement must include for each tax year.
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Are you a 2025 tax year non-filer? You may face these restrictions
If you did not file your tax return for 2025, you could face serious restrictions from the Federal Board of Revenue (FBR). The Income Tax Ordinance, 2001 empowers the FBR under Section 114C to limit economic transactions of non-filers, ensuring compliance and discouraging tax evasion.
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FBR powers to compel 2025 tax return filing in Pakistan
The Federal Board of Revenue (FBR) has significant authority to ensure compliance with tax filing obligations in Pakistan. With tax year 2025 filing mostly concluded, except for corporate returns due on December 31, 2025, it is important for taxpayers to understand what actions the FBR can take if returns are not filed on time.
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Understanding alternative corporate tax in Pakistan for tax year 2026
Corporate taxation in Pakistan can be complex, and businesses need to stay informed to comply effectively. One important provision that companies should be aware of for tax year 2026 is the Alternative Corporate Tax (ACT), governed under Section 113C of the Income Tax Ordinance, 2001.
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