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).
(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.
-
PM Shehbaz orders FBR to offer digital tax services in Urdu and regional languages
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 user-friendly for citizens across Pakistan.
(more…) -
Langrial assures businesses of action against corrupt FBR officials
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.
(more…) -
FBR parks 60% vehicles, orders 50% staff to work from home under austerity
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.
(more…) -
Is Foreign Investment Tax Exempt in Pakistan? What to Know in 2026
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.
(more…) -
Pakistan Customs announces public auction of seized vehicles in Islamabad on March 12
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.
(more…) -
UBL launches 40% tax filing discount, disowns any losses to taxpayers
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.
(more…) -
Bank Alfalah reports Rs2.84 billion tax contingencies for 2025
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).
(more…) -
Supreme Court rules FIR illegal without determination of tax liability
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.
(more…) -
FBR introduces new SOPs for arrests in sales tax fraud cases
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new Standard Operating Procedure (SOP) outlining the process for inquiries, investigations, prosecutions, and arrests in sales tax fraud cases under Section 37A of the Sales Tax Act 1990.
(more…)