Karachi, July 6, 2025 – If you’re planning to withdraw large amounts of cash from your bank account and you’re not on the Active Taxpayers List (ATL), there’s something you need to know. From July 1, 2025, banks across Pakistan have begun deducting 0.8% advance income tax on cash withdrawal, according to officials at the Federal Board of Revenue (FBR).
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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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FBR sets property development tax rates in Islamabad
Islamabad, July 6, 2025 – The Federal Board of Revenue (FBR) has officially notified the imposition of sales tax on property development services within the Islamabad Capital Territory (ICT) for the fiscal year 2025–26.
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Sindh adopts UN classification for services tax framework
Karachi, July 5, 2025 – In a major step toward aligning its tax practices with international standards, the Sindh Revenue Board (SRB) has officially adopted the Central Product Classification (CPC) Version 2.1 developed by the United Nations (UN) for the classification of services under the Sindh Sales Tax on Services Act, 2011.
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Islamabad cuts sales tax on freight services for 2025-26
Islamabad, July 5, 2025 – In a bold and business-boosting decision, Islamabad has rolled out a major concession for the logistics industry, slashing the sales tax rate on freight forwarding services as part of its fiscal reforms for 2025–26.
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Islamabad beauty parlors get glamorous tax relief
Islamabad, July 5, 2025 – In a dazzling move set to bring smiles across the beauty industry, the Federal Board of Revenue (FBR) has slashed the sales tax rate for beauty parlors operating in the heart of Pakistan—Islamabad.
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Tax login trouble: KCCI flags QR code flaws
Karachi, July 4, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the new QR code authentication system introduced by the Federal Board of Revenue (FBR) for accessing the IRIS portal.
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FBR grants tax breaks to overseas Pakistanis on property deals
Islamabad, July 4, 2025 – Are you an overseas Pakistani planning to buy or sell property in Pakistan? Here’s great news — the Federal Board of Revenue (FBR) has officially announced a generous tax concession that could save you a substantial amount on your real estate deals!
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FBR reports ATL surges to record 7.27 million amid new restrictions
Karachi, July 4, 2025 – In a historic move that’s sending shockwaves through financial and business circles, the Federal Board of Revenue (FBR) has announced that Pakistan’s Active Taxpayers List (ATL) has skyrocketed to an all-time high of 7.27 million!
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NEV Adoption Levy Act, 2025: What You Need to Know!
Karachi, July 4, 2025 – Say goodbye to business as usual in the auto industry! The federal government has officially rolled out the New Energy Vehicles (NEV) Adoption Levy Act, 2025, effective from July 1, and it’s a game-changer for anyone involved in the world of cars, motorcycles, buses, and trucks.
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Taxpayers in Panic as FBR Delays 2025 Return Forms
As the new fiscal season kicks off, taxpayers across Pakistan are growing increasingly restless, wondering when the Federal Board of Revenue (FBR) will release the much-anticipated income tax return forms for Tax Year 2025 (TY2025).
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