ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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Pakistan set to reduce PTA mobile phone taxes for overseas Pakistanis
ISLAMABAD, May 7, 2026 – Pakistan is considering reducing taxes on mobile phones registered through the Pakistan Telecommunication Authority to provide relief for overseas Pakistanis visiting the country, a senior federal minister told the Senate on Thursday.
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FBR issues draft income tax return forms for tax year 2026
ISLAMABAD, May 7, 2026 – Pakistan’s Federal Board of Revenue on Thursday issued draft income tax return forms for individuals for tax year 2026 and sought feedback from stakeholders before finalising the forms for the upcoming filing season.
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FBR revises customs values for smart watches imports in Pakistan
ISLAMABAD, May 7, 2026 — The Federal Board of Revenue (FBR) has revised customs values for imported smart watches, smart bands and smart rings in a move aimed at curbing under-invoicing and protecting government revenue.
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FBR announces mega auction of confiscated vehicles on May 11
ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has announced a mega auction of confiscated vehicles scheduled for May 11, 2026, in Peshawar.
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FBR sets May 20 deadline for customs clearing agents licence applications
ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has invited applications from eligible individuals for the grant of customs clearing agents licences, setting May 20, 2026, as the deadline for submission.
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FBR awards major penalty ‘dismissal from service’ to customs official
ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has dismissed a customs official from service on charges of prolonged unauthorized absence, according to an official notification issued on Wednesday.
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Sindh Slashes Sales Tax to 2% for Motorcycle Ride Services in Major Relief Move
KARACHI – In a significant move to support low-income workers and provide public relief, the Sindh government has officially reduced the sales tax rate for motorcycle ride services from 5% to 2%.
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FBR Mandates Petroleum Levy Information in Sales Tax Return
ISLAMABAD, May 5, 2026 – The Federal Board of Revenue (FBR) has made it mandatory for registered taxpayers to declare petroleum development levy and climate support levy details in monthly sales tax returns.
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FBR Updates Customs Values for Imported Hand Tools After Nine-Year Hiatus
KARACHI – In a significant move to align import taxes with current international market trends, the Federal Board of Revenue (FBR) has officially revised the customs values for imported hand tools. The new rates come after a nine-year period during which the previous values remained stagnant despite global price fluctuations.
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