Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
Tax authority expands CRM-based audit system to boost compliance and revenue collection
The Federal Board of Revenue plans to hire an additional 396 private auditors by the end of June 2026 to strengthen tax scrutiny and improve compliance monitoring, according to official sources.
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Large Taxpayers Office posts 10% growth in net revenue amid strong direct tax performance
The Large Taxpayers Office (LTO) Karachi has reported record revenue collection of nearly Rs3 trillion during the first 10 months of fiscal year 2025-26, marking its highest-ever performance for the period, according to official data.
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Toyota Land Cruiser, Prius and Honda Civic among vehicles listed for public auction
Pakistan Customs has announced a public auction of old and used vehicles scheduled for May 20, 2026, at the Anti-Smuggling Organization (ASO) NMB Wharf in Karachi.
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Service providers in ICT directed to adopt electronic invoicing system under new order
The Federal Board of Revenue (FBR) has made Point of Sale (POS) integration with its computerized system mandatory for service providers operating in the Islamabad Capital Territory (ICT), according to a new general order issued on Monday.
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Pakistan commits to stricter enforcement of digital invoicing under IMF-backed reforms
The Federal Board of Revenue (FBR) is set to propose stricter penalties for taxpayers failing to comply with digital sales tax invoicing requirements in the upcoming Finance Bill 2026, as part of Pakistan’s commitments under reforms linked to the International Monetary Fund.
(more…)Tax authority plans broader reforms to strengthen compliance and expand tax base
The Federal Board of Revenue (FBR) will develop new audit selection parameters aimed at improving revenue collection and broadening Pakistan’s tax base as the country faces persistent tax shortfalls, officials said.
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Move aims to enhance tax compliance and curb revenue leakages in bottled water and juice industries
The Federal Board of Revenue has taken another step toward strengthening tax compliance and industrial transparency by finalizing the authorization of vendors for production monitoring systems in the beverages sector, including bottled water and packaged juices.
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Government says no violations detected in key import sectors over past five years
Minister of State for Finance Bilal Azhar Kayani on Friday informed the National Assembly that no cases of under-invoicing had been detected in the import of used vehicles or solar panels during the past five years, according to data provided by the Federal Board of Revenue.
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Electronic production tracking system introduced to curb sales tax evasion
The Federal Board of Revenue has launched an electronic monitoring system for bottled water production aimed at preventing sales tax evasion and improving tax compliance in the sector.
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Sarafa association seeks simplified turnover-based tax system for jewelry sector
The All Pakistan Sarafa Gems and Jewelers Association has proposed a special tax regime for jewelers aimed at simplifying income tax payments and record-keeping procedures for the sector.
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