KARACHI, June 15, 2025 — In a sensational move that’s ignited a storm of public outrage, the Federal Board of Revenue (FBR) has officially begun the distribution of Honda City 1.2L cars to its officers, despite widespread criticism and serious allegations swirling around the procurement process.
(more…)Category: Taxation
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 empowered to deny or limit input tax adjustment
Karachi, June 15, 2025 – The Federal Board of Revenue (FBR) has been granted enhanced powers to deny or restrict input tax adjustment under the Finance Bill, 2025.
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FBR gets sweeping powers to access internet user data
Karachi, June 14, 2025 – In a move aimed at curbing sales tax fraud, the Federal Board of Revenue (FBR) has been granted extensive powers to access the personal data of internet users.
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FBR crushes benami ownership, seizes Islamabad housing plots
Islamabad, June 14, 2025 – In a landmark move, the Federal Board of Revenue (FBR) has successfully confiscated the first-ever benami immovable property in Islamabad under the Benami Transactions (Prohibition) Act, 2017.
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2025-26 budget incorporates several ICMAP proposals
Karachi, June 14, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has lauded the federal government for integrating several of its key recommendations in the newly unveiled budget for the fiscal year 2025-26.
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Special judges to decide tax fraud cases instead of FBR officers
Karachi, June 14, 2025 – In a major policy shift, the Federal Board of Revenue (FBR) has proposed that cases involving sales tax fraud will now be adjudicated by special judges, rather than by FBR officers.
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Sindh sets Rs388 billion tax collection target for SRB in FY26
Karachi, June 14, 2025 – The Sindh government has set an ambitious tax collection target of Rs388 billion for the Sindh Revenue Board (SRB) for the fiscal year 2025-26, marking a significant increase of around 20 percent from the previous year.
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Govt raises limit, increases tax rate on cash withdrawals in FY26
Islamabad, June 14, 2025 – In a significant move to tighten financial compliance and widen the tax base, the government has announced an increase in the limit for the imposition of higher withholding tax on cash withdrawal from banks by non-filers.
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FBR projects Rs56 billion revenue surge from bank deposit profits
Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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FBR eyes Rs7 billion via sales tax hike on small vehicles
Islamabad, June 13, 2025 – The Federal Board of Revenue (FBR) has projected an additional revenue gain of Rs7 billion following a proposed revision in sales tax rates on small vehicles, according to official sources.
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