ISLAMABAD, May 5, 2026 – The Senate of Pakistan has sought comprehensive details of corruption cases within the Federal Board of Revenue (FBR) over the past five years.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
FBR Plans Harsh Measures to Overcome Revenue Shortfall
ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) is preparing to introduce strict enforcement measures to boost revenue collection and reduce the widening shortfall in the ongoing fiscal year.
(more…) -
FBR Waives Penalties on Rs8.77 Billion Tax Liability of PIA
ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).
(more…) -
Return Filing 2026: Check Now Business Income Tax Rates
KARACHI: The income tax return filing for tax year 2026 is expected to begin in July for taxpayers across Pakistan. Individuals and Associations of Persons (AOPs) earning business income are advised to review the updated tax rates to ensure accurate and timely filing.
(more…) -
FBR Revises Customs Values of Fire Alarm System Parts After Under-Invoicing Detection
Karachi, May 4, 2026 – The Federal Board of Revenue has revised customs values of fire alarm system parts following the detection of under-invoicing by importers.
(more…) -
Rana Tanveer calls for dairy sector tax reforms to boost nutrition, affordability
Islamabad, May 3, 2026 – Federal Minister for National Food Security and Research Rana Tanveer Hussain has emphasized the need for dairy sector tax reforms in Pakistan, calling for rationalized taxation and structural changes to improve affordability, ensure safe nutrition, and support farmers.
(more…) -
P@SHA seeks tax classification of IT freelancers vs remote workers
Karachi, May 2, 2026 – The Pakistan Software Houses Association (P@SHA) has called for a clear tax classification of IT freelancers and remote workers in Pakistan’s upcoming federal budget 2026-27, warning that existing rules are creating significant distortions in the labor market.
(more…) -
Karachi chamber backs FBR monitoring of jewelers, warns against harassment
KARACHI, May 1, 2026– The Karachi Chamber of Commerce and Industry has backed the monitoring of jewelers’ business transactions by the Federal Board of Revenue, while cautioning against harassment by tax officials.
(more…) -
FBR braces for historic tax shortfall in FY2025-26
Islamabad, May 1, 2026: The Federal Board of Revenue (FBR) is heading toward a historic shortfall in tax collection for the fiscal year 2025-26 after missing its revenue targets during the first ten months (July–April).
(more…) -
Apex court upholds super tax as constitutional in landmark ruling
Islamabad, April 30, 2026 — The Federal Constitutional Court of Pakistan has upheld the legality of the super tax, declaring Section 4C of the Income Tax Ordinance, 2001 constitutional and overturning earlier judgments of the Islamabad High Court.
(more…)