Karachi, January 14, 2026 – The Karachi Tax Bar Association (KTBA) hosted a seminar addressing the adoption of Central Product Classification (CPC) Version 2.1 by the Sindh Revenue Board (SRB), highlighting practical challenges and implications for businesses in the province.
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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 Customs thwarts major arms smuggling bid at Torkham, seizes 21,000+ rounds
Islamabad, January 13, 2026 – Pakistan Customs officials at the Torkham border crossing successfully foiled a large-scale attempt to smuggle arms and ammunition into the country, recovering more than 21,000 rounds of submachine gun and rifle cartridges along with other weapons.
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FBR flags key sectors for stronger enforcement to boost revenue collections
Islamabad, January 13, 2026 – The Federal Board of Revenue (FBR) has identified critical sectors where revenue collection declined during the fiscal year 2024-25, urging tax authorities to enhance enforcement and adopt targeted strategies to increase compliance and overall revenue.
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FBR releases highlights of record-breaking revenue collection achievements for FY25
Islamabad, January 13, 2026 – The Federal Board of Revenue (FBR) has released key highlights of its revenue collection performance for the fiscal year 2024-25, reporting a strong growth across direct taxes, sales tax, customs, and federal excise duties.
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FBR plans tough measures against tax evaders through Finance Bill 2026
Islamabad, January 13, 2026: The Federal Board of Revenue (FBR) is set to introduce stringent laws targeting tax evasion under the Finance Bill 2026, aiming to broaden the tax net and increase revenue collection from affluent individuals and businesses.
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How FBR’s RMS Works for 2026 Sales Tax Refund Claims
The Risk Management System (RMS) of the Federal Board of Revenue (FBR) plays a central role in ensuring transparent, automated, and risk-based processing of sales tax refund claims in Pakistan. For tax year 2026, refund claims are no longer processed manually; instead, they are evaluated through FBR’s computerized RMS under Rule 29 of the Sales Tax Rules, 2006.
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Know About Filing and Process of Sales Tax Refund Claims in FBR for 2026
Filing a sales tax refund claim with the Federal Board of Revenue (FBR) requires accuracy, proper timing, and compliance with prescribed rules. Any mistake can delay processing or result in rejection. To streamline refunds, Rule 28 of the Sales Tax Rules, 2006 (updated for tax year 2026) lays down a simplified and automated mechanism.
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How to Adjust Input and Output Tax for Returned Supplies in 2026
Returned or cancelled supplies are a common part of business operations. However, incorrect adjustment of input and output tax can lead to penalties and audit issues. To address this, Rule 22 of the Sales Tax Rules, 2006 (updated for tax year 2026) provides a complete framework for handling tax adjustments through debit and credit notes.
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PTBA urges FBR to end unequal enforcement of section 7E on properties
The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to immediately stop what it described as the discriminatory enforcement of Section 7E of the Income Tax Ordinance, 2001, relating to tax on immovable properties.
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Rule 20 Explained: Cancellation or Return of Supply Under Sales Tax for 2026
The Federal Board of Revenue (FBR) has reiterated strict documentation and approval requirements for cancellation or return of taxable supplies under Rule 20 of the Sales Tax Rules, 2006, updated for Tax Year 2026.
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