Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed probe into the tax affairs of a prominent media house in Pakistan. The move signals the government’s intent to closely monitor businesses with overseas engagements and ensure compliance with international reporting standards.
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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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How to Get 2025 Return Filing Deadline Extension
Karachi, September 22, 2025 – With only one week left before the September 30 deadline for filing annual income tax returns for the year 2025, many taxpayers are concerned about meeting the requirement. If you think you may miss the deadline, the law provides a way to apply for an extension.
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Salary Income Tax Credit on Pension Fund Contribution
The Income Tax Ordinance, 2001 allows a tax credit for people who contribute to a pension fund during the tax year 2025-26. Section 63 of the updated law explains how this benefit works for salary earners.
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Tax Treatment on Charitable Donations in Pakistan
The Income Tax Ordinance, 2001 explains how charitable donations are treated for tax purposes in the tax year 2025-26. Section 61 provides details about who can claim a tax credit and how the amount is calculated.
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Tax Formula for Disposal of Stock-in-Trade
The Income Tax Ordinance, 2001 explains how to calculate the cost of stock-in-trade when it is sold or used during the tax year 2025-26. Section 35 of the updated law gives a simple formula for this calculation.
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Accrual Based Accounting under Pakistan Tax Laws
The Income Tax Ordinance, 2001 clearly defines the principles of accrual based accounting for income under the head “Business” for the tax year 2025-26. Section 34 of the updated ordinance explains how income and expenses are treated under this system.
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FBR issues benchmarks for income tax exemptions
Islamabad, September 21, 2025 – The Federal Board of Revenue (FBR) has formally introduced benchmarks for determining income tax exemptions and concessions, aiming to enhance clarity and consistency in the taxation system.
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Tax rates 2025-26 on marriage functions in Pakistan
Islamabad, September 20, 2025 – The Federal Board of Revenue (FBR) has issued the updated withholding tax rates applicable on marriage functions during the tax year 2025-26. These rates have been outlined under Section 236CB of the Income Tax Ordinance, 2001.
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Return filing deadline extension not under consideration: FBR
Islamabad, September 20, 2025 – The Federal Board of Revenue (FBR) clarified on Saturday that an extension in the deadline for income tax return filing for Tax Year 2025 is not under consideration at present.
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Pakistan Customs aims to cut dwell time to 12 hours
Karachi, September 19, 2025 – Pakistan Customs has announced a major initiative to reduce the average cargo dwell time to just 12 hours, in line with the vision set by Prime Minister Shehbaz Sharif.
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