The Federal Board of Revenue (FBR) has been given fresh authority to fix retail prices of goods as part of the Finance Act, 2025 — a move aimed at tightening control over tax evasion in Pakistan’s markets.
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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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Possessing illegal goods is smuggling: Collector Customs
Karachi, July 26, 2025 – Collector Customs (Enforcement), Karachi, Moinuddin Wani, has clearly stated that holding illegal goods is considered smuggling under the law. Speaking to the Karachi Chamber of Commerce and Industry (KCCI), he said: “If a trader is found with undeclared or illegally imported items, it falls under smuggling.”
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PM greenlights FBR digital system to monitor value chain
Islamabad, July 26, 2025 – Prime Minister Muhammad Shehbaz Sharif has approved the development of a state-of-the-art digital ecosystem within the Federal Board of Revenue (FBR) to ensure end-to-end monitoring of the entire value chain. This ambitious initiative aims to align Pakistan’s tax infrastructure with international best practices.
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FBR Drops You from Active Taxpayers List: Here’s Why
If you’ve recently noticed your name missing from the FBR’s Active Taxpayers List (ATL), you’re not alone—and you need to act fast! The Federal Board of Revenue (FBR) is now updating the ATL daily, which means your status can change anytime based on your tax compliance.
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Supreme Court rejects FBR input tax adjustment case
Islamabad, July 26, 2025 – The Federal Board of Revenue (FBR) has suffered a legal setback as the Supreme Court of Pakistan dismissed its petition in a high-profile input tax adjustment case, reinforcing the importance of substantiated tax enforcement actions.
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FBR jolts fertilizer sector by revoking tax exemption certificate
Karachi, July 25, 2025 – In a move that has sent shockwaves across Pakistan’s fertilizer industry, the Federal Board of Revenue (FBR) has abruptly revoked a crucial tax exemption certificate previously granted to Engro Fertilizer Limited, one of the sector’s top players.
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Punjab directs three major sectors to withhold 80% tax on services
Lahore, July 25, 2025 – The government of Punjab has introduced a major revision in its tax policy, making it mandatory for three key sectors to withhold up to 80% of sales tax on services at the time of payment to service providers.
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FBR extends June tax return filing deadline to August 4
Islamabad, July 25, 2025 – The Federal Board of Revenue (FBR) has officially extended the last date for filing Sales Tax and Federal Excise returns for the tax period of June 2025. According to a notification issued on Thursday, taxpayers now have until August 4, 2025 to complete their filing, provided that the due tax liability has already been deposited within the original due date.
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FBR shares procedure to access IRIS Portal for new return filers
As the 2025 tax return filing season begins, the Federal Board of Revenue (FBR) anticipates a surge in the number of new taxpayers filing their income tax returns. In light of the latest measures introduced through the Finance Act, 2025, the FBR has issued detailed guidelines to help individuals, companies, and associations of persons (AOPs) access the IRIS portal, which is the official platform for online tax return submission.
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NCCPL to Collect June CGT on July 31, 2025
Karachi, July 25, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that Capital Gain Tax (CGT) for the month of June 2025 will be collected on Thursday, July 31, 2025.
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