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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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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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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FBR recovers Rs7.81 billion in penalties from non-filers
Islamabad, July 24, 2025 – The Federal Board of Revenue (FBR) has successfully recovered a total of Rs7.81 billion in penalties imposed on non-filers over the past five tax years, signaling intensified efforts to enforce tax compliance and expand the national tax base.
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FBR takes notice over misconduct in use of operational vehicles
Karachi, July 24, 2025 – The Federal Board of Revenue (FBR) has issued a formal notice following an incident involving the inappropriate behavior of a tax officer while using an operational vehicle, sparking widespread criticism on social media.
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Pakistan’s Tax Puzzle: Why More Filers Aren’t Filling the Coffers
Islamabad – July 23, 2025 — Pakistan’s aggressive push to expand its tax base may be costing more than it’s collecting, warns a hard-hitting new report by the Asian Development Bank (ADB). The findings paint a troubling picture of misplaced priorities, mounting administrative burdens, and a tax system in dire need of simplification and reform.
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Legal questions raised on 2025 tax return filing without SRO
Karachi, July 23, 2025 – A ticking legal time bomb may be brewing at the Federal Board of Revenue (FBR) as experts raise alarm over the ongoing return filing process for the Tax Year 2025—initiated without a finalized SRO (Statutory Regulatory Order).
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FBR Shocks Taxpayers with AI-Driven Tax Notices
Karachi, July 23, 2025 – In a dramatic move that has rattled the already tense business environment, the Federal Board of Revenue (FBR) has fired off a barrage of Artificial Intelligence (AI)-generated notices targeting sales tax return anomalies spanning the last five years. This sudden strike by the FBR has left taxpayers—especially exporters and manufacturers—reeling in disbelief.
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