WASHINGTON – The Treasury Department, in coordination with the IRS, has released proposed regulations clarifying the “No Tax on Tips” deduction.
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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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FBR plans record rewards for whistleblowers on tax dodgers
Islamabad, September 22, 2025 – In a dramatic move to unearth the mountain of undeclared wealth hidden in Pakistan’s shadow economy, the Federal Board of Revenue (FBR) is preparing a mega increase in rewards for whistleblowers, transforming them into a new front-line force in the battle against tax evasion.
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FBR crosses 8 million mark of active taxpayers
Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by crossing the figure of 8 million active taxpayers.
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PTBA demands one-month extension for 2025 tax filing
Islamabad, September 22, 2025 – The Pakistan Tax Bar Association (PTBA) has called on the government to grant taxpayers more time for their annual return filing for tax year 2025.
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FCCI seeks extension in 2025 tax return filing deadline
Faisalabad, September 22, 2025 – The Faisalabad Chamber of Commerce and Industry (FCCI) has urged the government to extend the deadline for income tax return filing for tax year 2025.
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RTO-1 Karachi raids famous retail chain for suspected tax evasion
Karachi, September 22, 2025 – The Regional Tax Office (RTO)-1 Karachi carried out a surprise raid on the headquarters of a well-known retail chain over suspicions of large-scale sales tax evasion. The action reflects the Federal Board of Revenue’s (FBR) strict stance on tax compliance and its growing focus on the retail sector.
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FBR Examines Foreign Assets of Leading Media House
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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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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