In yet another episode of “Taxpayers vs. Logic,” the Federal Board of Revenue (FBR) has officially declared that the 2025 income tax return form has not changed at all—except that it now magically requires new restrictions.
(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.
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Pakistan alters wealth statement rules, says Zaidi
KARACHI – Shabbar Zaidi, Pakistan’s top tax expert and former chairman of the Federal Board of Revenue (FBR), has raised serious concerns over the revised Wealth Tax Statement introduced for the 2025 tax period.
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Tax experts reject market value rule in 2025 returns
KARACHI – Leading tax practitioners have urged the Federal Board of Revenue (FBR) to withdraw the recently added requirement of declaring the estimated market value of assets in income tax returns for the year 2025.
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FBR clarifies market value requirement for 2025 return filing
Islamabad, September 25, 2025 – The Federal Board of Revenue (FBR) has issued a detailed clarification regarding the 2025 income tax return filing process, addressing widespread confusion on social media.
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Business leaders slam FBR over 2025 return form chaos
KARACHI, September 25 – The business and industrial community has united in harsh criticism of the Federal Board of Revenue (FBR) for making sudden amendments to the 2025 income tax return and wealth statement forms just days before the September 30 deadline.
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Wealth Statement 2025 Chaos – Taxpayers Face New Trap
Islamabad, September 24, 2025 – In a dramatic twist, the Federal Board of Revenue (FBR) has stunned taxpayers by abruptly amending the wealth statement form for the tax year 2025, sparking widespread confusion, speculation, and even whispers of a looming wealth tax.
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2025 tax return filing stopped in Pakistan after abrupt IRIS update
Karachi, September 24, 2025 – A storm of confusion has erupted across Pakistan as tax practitioners have abruptly stopped the filing of annual income tax returns for the year 2025.
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FBR extends deadlines for e-invoice compliance
Islamabad, September 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadlines for the implementation of electronic invoice issuance, granting additional time to businesses and taxpayers to integrate with the online FBR portal.
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Karachi Tax Bar demands extra time for 2025 returns
Karachi, September 24, 2025 – The Karachi Tax Bar Association (KTBA) on Wednesday formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for Tax Year 2025, citing serious technical and logistical challenges that are preventing taxpayers from meeting the statutory due date.
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Glitches Galore: KTBA Flags IRIS Filing Nightmares
Karachi, September 23, 2025 – The Karachi Tax Bar Association (KTBA) has formally raised concerns over the Federal Board of Revenue’s (FBR) online tax portal, IRIS, stating that the system is not fully prepared for smooth income tax return filing for Tax Year 2025.
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