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.
FBR chairman Rashid Mahmood Langrial to assess tax collection performance and enforcement measures during key June visit. Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), is scheduled to visit Karachi on June 1, 2026, to review tax collection performance and enforcement efforts during the final month of fiscal year 2025-26.
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Tax offices to remain open on Saturday and Sunday as authorities move to boost revenue collection ahead of fiscal close. The Federal Board of Revenue (FBR) has declared Saturday and Sunday, May 30 and 31, 2026, as normal working days for major tax offices across the country to facilitate taxpayers in the payment of duties […]
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Newly notified area at South Asia Pakistan Terminal to be used for storage and handling of empty containers. The Federal Board of Revenue (FBR) has declared an additional reclaimed area adjoining the South Asia Pakistan Terminal (SAPT) as a customs area for the storage and handling of empty containers.
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Stock exchange proposes lower corporate taxes, restored incentives and removal of withholding taxes to boost listings and market growth. The Pakistan Stock Exchange (PSX) has proposed a series of tax relief measures and investor-friendly reforms in the federal budget 2026-27 (FY27) aimed at strengthening capital markets, encouraging new listings and improving overall investment activity.
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Chartered accountants’ body calls for clearer rules and alignment of advance tax mechanism for builders and developers. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed amendments relating to taxation of builders and developers under Section 7F of the Income Tax Ordinance, 2001, in its budget proposals for 2026-27.
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Chartered accountants’ body seeks mandatory 48-hour notice and transparent audit selection to protect taxpayer rights. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that tax authorities should be required to issue prior notice before entering taxpayers’ business premises for audit and monitoring purposes.
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Chartered accountants’ body proposes raising daily cash withdrawal limit to Rs75,000 for non-filers amid inflation and higher business cash-flow needs. The Institute of Chartered Accountants of Pakistan has proposed increasing the daily cash withdrawal threshold for withholding tax collection in the federal budget for fiscal year 2026-27.
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Chartered accountants’ body proposes CPI-based adjustment of salary tax slabs to ease burden on salaried class amid persistent inflation. The Institute of Chartered Accountants of Pakistan has proposed linking salary tax slabs with Consumer Price Index (CPI) inflation in the federal budget 2026-27 to reduce the growing tax burden on salaried individuals.
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IMF asks Pakistan’s tax authority to provide comprehensive information on refund arrears to improve transparency and ease business liquidity pressures. The International Monetary Fund has asked the Federal Board of Revenue to provide detailed information on pending tax refund claims as part of ongoing efforts to address liquidity pressures faced by businesses in Pakistan.
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Karachi Tax Bar Association urges expansion of documentation rules across all trade levels to widen tax base and improve transparency. The Karachi Tax Bar Association (KTBA) has proposed extending the requirement of collecting Computerized National Identity Card (CNIC) and National Tax Number (NTN) details throughout the entire supply chain, in a move aimed at broadening […]
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