Karachi, September 19, 2025 – The Federal Board of Revenue (FBR) has reaffirmed its stance on penalizing taxpayers who fail to meet their sales tax obligations for the tax year 2025–26.
(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.
-
SRB introduces online agricultural income tax return facility
Karachi, September 19, 2025 – The Sindh Revenue Board (SRB) has rolled out an online agricultural income tax return form, aiming to make tax compliance easier and more accessible for farmers and landowners across the province.
(more…) -
KTBA urges FBR to halt recovery notices, fix IRIS glitches
Karachi, September 19, 2025 – The Karachi Tax Bar Association (KTBA) has strongly urged the Federal Board of Revenue (FBR) to stop issuing recovery notices to taxpayers and immediately resolve long-standing technical issues on the IRIS portal.
(more…) -
FBR reports 45% cut in tax exemption on gratuity income
Karachi, September 18, 2025 – The Federal Board of Revenue (FBR) has reported a 45 percent reduction in income tax exemption on gratuity payments to employees.
(more…) -
What is EIF and Why is it Important for Importers?
In Pakistan’s trade and customs framework, the Electronic Import Form (EIF) plays a central role for all importers of goods. Introduced through the State Bank of Pakistan (SBP) regulations and integrated into the WeBOC (Web-Based One Customs) system, EIF ensures that every import transaction is properly declared, monitored, and aligned with foreign exchange regulations.
(more…) -
SBP directs banks to establish EDI with PSW
Karachi, September 17, 2025 – The State Bank of Pakistan (SBP) has issued a directive making it mandatory for commercial banks to establish Electronic Data Interchange (EDI) with the Pakistan Single Window (PSW).
(more…) -
FBR allows Zakat as deductible allowance for tax year 2025-26
Islamabad, September 17, 2025 – The Federal Board of Revenue (FBR) has announced that Zakat will continue to be treated as a deductible allowance for taxpayers during the tax year 2025-26.
(more…) -
Islamabad Customs to Auction 30+ Confiscated Vehicles
Islamabad, September 17, 2025 – The Collectorate of Customs (Enforcement), Islamabad, has announced a major public auction of confiscated vehicles scheduled for Thursday, September 18, 2025.
(more…) -
Tax Year 2025-26: sales tax penalty for obstructing FBR officials
Islamabad, September 17, 2025 – The Federal Board of Revenue (FBR) has announced strict measures under the Sales Tax Act, 1990, by introducing a defined penalty for individuals or businesses that obstruct tax officials in the course of their duties.
(more…) -
FBR sets penalties for non-compliance in sales tax record sharing
Karachi, September 17, 2025 – The Federal Board of Revenue (FBR) has formally announced a new structure of monetary penalties aimed at taxpayers who refuse to provide sales tax records when required by law.
(more…)