Karachi, March 31, 2026 – The Federal Board of Revenue has issued a new valuation ruling to determine customs values for imported beverages of foreign brands, aiming to streamline duty and tax collection at the import stage.
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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 Budget 2026-27: ICMAP Pushes Crypto Tax Relief
Karachi, March 31, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the federal government to introduce a comprehensive tax incentive scheme for cryptocurrency and fintech in the upcoming Budget 2026–27, aiming to bring digital assets into the formal economy.
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FBR updates LED lighting import customs valuation after 9 years
Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has issued fresh customs values for LED bulbs and tube lights through Valuation Ruling (VR) 2055/2026 to streamline import assessments and align them with prevailing market trends.
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FBR issues new polyester fabric import values – full rate list
Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has revised customs values of imported polyester fabrics through a new valuation ruling aimed at ensuring transparency and uniformity in duty assessment at the import stage.
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Pakistan Customs announces mega auction of passenger buses, goods vehicles at Gadani
Karachi, March 30, 2026 – Pakistan Customs has announced a major public auction of seized passenger buses, trucks, trailers, and commercial transport vehicles scheduled to take place on April 6, 2026, at the Customs Enforcement Collectorate, Gadani. The auction is expected to attract transporters, logistics companies, intercity bus operators, industrial buyers, and investors looking for affordable commercial fleet options.
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How FBR determines your salary income for return filing 2026
If you are a salaried individual earning above the threshold of Rs. 600,000 annually, understanding how the Federal Board of Revenue (FBR) calculates your income is essential for accurate tax return filing in tax year 2026.
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FBR faces major delay in enforcing new tax law Section 114C on economic restrictions
Islamabad, March 29, 2026 – The Federal Board of Revenue (FBR) has so far been unable to enforce newly introduced restrictions on ineligible persons under Section 114C of the Income Tax Ordinance 2001 for the fiscal year 2025–26, raising concerns about regulatory delays and tax compliance gaps.
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ICMAP proposes consumer lottery scheme to bring retailers into tax net
Karachi, March 29, 2026 – The Institute of Cost and Management Accountants of Pakistan has proposed an innovative consumer lottery scheme aimed at improving tax compliance and documenting retail transactions across the country. The recommendation has been submitted as part of budget proposals for the Federal Budget 2026–27 to the Ministry of Finance Pakistan.
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New task force to fix Pakistan’s tax litigation crisis
Islamabad: The Prime Minister’s Office has established a high-level Task Force to review and propose comprehensive reforms for the legal wing of the Federal Board of Revenue (FBR), in a move aimed at strengthening Pakistan’s tax litigation system and improving revenue enforcement.
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Jewelers raise tax challenges in key FBR meeting in Islamabad
Islamabad – Pakistan’s jewelry sector has raised serious concerns over taxation policies during a high-level meeting with the Federal Board of Revenue, highlighting issues that are negatively impacting business operations and growth.
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