Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.
(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.
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FBR caps cash payments at Rs200,000 for retail, e-commerce
Islamabad, August 13, 2025 – The Federal Board of Revenue (FBR) has formally set limit for cash payments of Rs200,000 for both retail outlets and cash-on-delivery (COD) orders in the e-commerce sector.
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SRB announces 75 prizes in second POS invoices draw
Karachi, August 13, 2025 – The Sindh Revenue Board (SRB) has announced a total of 75 prizes in its second prize ballot draw for Point of Sale (POS) invoices.
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FBR issues revised customs values for iron and steel scrap
KARACHI – August 13, 2025 – The Federal Board of Revenue (FBR) has announced revised customs values for various categories of iron and steel scrap, including remeltable, HMS, shredded, and re-rollable grades.
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Ex-FBR Tax Czar Blasts Delay in Final Return Form
Karachi, August 12, 2025 – In a stinging critique of the Federal Board of Revenue (FBR), former top tax czar Rehmatullah Khan Wazir has sounded the alarm over the agency’s failure to meet a critical legal obligation — the notification of the finalized income tax return form for Tax Year 2025.
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Lawyers flag persistent problems in 2025 tax return filing
Lahore, August 12, 2025 – The International Lawyers Association has raised strong concerns over ongoing challenges in the filing of income tax returns for Tax Year 2025, warning that delays and system flaws could disrupt compliance for thousands of taxpayers.
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Abbasi assumes charge as commissioner of AEOI Zone Karachi
Karachi, August 12, 2025 – Abdul Qadeer Abbasi, a BS-19 officer of the Inland Revenue Service (IRS), has officially assumed charge as the Commissioner of the Automatic Exchange of Information (AEOI) Zone in Karachi.
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FBR to deploy four experts for auto sector audit
Islamabad, August 12, 2025 – The Federal Board of Revenue (FBR) has announced plans to deploy four specialized industry experts for an extensive audit of the automotive sector.
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Who is taxpayer in Pakistan? FBR explains
Islamabad, August 11, 2025 – The Federal Board of Revenue (FBR) has issued an official clarification on the definition of a taxpayer in Pakistan for the tax year 2026 (July 2025 to June 2026), aiming to remove ambiguities for individuals and businesses regarding their tax obligations.
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FBR explains startup criteria for tax year 2026
Karachi, August 11, 2025 – The Federal Board of Revenue (FBR) has issued an explanation on the definition and eligibility criteria for a startup under the Income Tax Ordinance, 2001, applicable for the tax year 2026 (July 2025 to June 2026).
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