Taxation Archives - Page 72 of 779

FBR issues first-ever customs valuation ruling for aromatic chemicals: VR 2029

December 7, 2025December 7, 2025Shahnawaz Akhter

Karachi, December 7, 2025 – The Federal Board of Revenue (FBR) has, for the first time, introduced fixed customs values for a range of aromatic chemicals to standardize the assessment of duties and taxes at the import stage.

Punjab Launches Mega Operations Against Widespread Tax Evasion

December 7, 2025December 7, 2025Mrs. Anjum Shahnawaz

Lahore, December 7, 2025 – The Punjab Revenue Authority (PRA) has initiated large-scale operations across the province to curb tax evasion and enforce strict compliance among commercial entities.

FBR Expands Tax Net, Integrates Over 10,800 Tier-1 Retailers into POS System

December 6, 2025December 6, 2025Mrs. Anjum Shahnawaz

Islamabad, December 2025 – The Federal Board of Revenue (FBR) has successfully integrated 10,858 Tier-1 retailers into its Point of Sales (POS) system, strengthening documentation of transactions for major retailers, particularly in the hotel and restaurant sector.

FBR Cuts Customs Values of Imported Silicon by Up to 32%

December 5, 2025December 5, 2025Shahnawaz Akhter

Karachi, December 5, 2025 – The Federal Board of Revenue (FBR) has announced a significant reduction in the customs values of imported silicon in primary form, lowering rates by up to 32% for the calculation of duties and taxes. The move aims to streamline import assessments and provide relief to businesses importing silicon.

Tax Treatment of Deceased Individuals for Tax Year 2026: What Section 87 Explains

December 5, 2025December 5, 2025Shahnawaz Akhter

As Pakistan enters tax year 2026 (July 1, 2025 to June 30, 2026), taxpayers and families handling estates are asking a key question: How does the tax law treat individuals who pass away during the tax year?

Mehmood Bikiya elected president of Karachi Tax Bar Association for 2025-26

December 4, 2025December 4, 2025Shahnawaz Akhter

Karachi, December 4, 2025 – The Karachi Tax Bar Association (KTBA) has elected Mehmood Bikiya as its president for the 2025-26 term, following the 69th Annual General Meeting held on Thursday.

IRSOA welcomes appointment of Zubair Bilal as Member IR Operations

December 4, 2025December 4, 2025Shahnawaz Akhter

Islamabad, December 4, 2025 – The Inland Revenue Service Officers Association (IRSOA) has warmly welcomed the Federal Board of Revenue’s (FBR) decision to elevate senior Inland Revenue officer Zubair Bilal to the position of Member IR Operations.

Karachi customs foils misdeclaration attempt, prevents Rs167 million loss

December 3, 2025December 3, 2025Mrs. Anjum Shahnawaz

Islamabad, December 3, 2025 – The Collectorate of Customs Enforcement Karachi has successfully intercepted a major revenue evasion attempt, preventing an estimated Rs167 million loss to the national exchequer.

FBR Outsources Media and Public Relations Affairs

December 3, 2025December 3, 2025Shahnawaz Akhter

Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has launched a process to outsource its media management and public relations functions as part of its ongoing efforts to strengthen communication and public engagement. The initiative aims to enhance the agency’s visibility and highlight key reforms under the FBR Transformation Plan.

President Appoints Zafar Hijazi as New Federal Tax Ombudsman