Islamabad, June 13, 2025 — In a move aimed at resolving stakeholder concerns and ensuring clarity in tax proposals, the Federal Board of Revenue (FBR) has constituted two high-level committees to identify and remove anomalies in the Finance Bill 2025.
(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.
-
FBR targets active KCCI member over offshore assets
Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
(more…) -
FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
(more…) -
LTO Karachi takes over tax assessment of Facebook
Karachi, June 12, 2025 – In a significant move, the Large Taxpayers Office (LTO) Karachi has been entrusted with the responsibility to evaluate and oversee the tax affairs of Facebook, the globally recognized social media and networking platform owned by the American tech giant Meta.
(more…) -
Jazz faces Rs22 billion tax liability after FBR win
Islamabad, June 12, 2025 – In a significant legal triumph for the Federal Board of Revenue (FBR), the Islamabad High Court has granted the tax authority the right to recover approximately Rs22 billion (USD 78 million) from Pakistan Mobile Communications Limited (PMCL), widely known as Jazz.
(more…) -
Courier Services Become Tax Collectors in Pakistan
Islamabad, June 12, 2025 – In a dramatic turn of events, courier services in Pakistan are now poised to become full-fledged tax collectors, thanks to sweeping changes proposed in the Finance Bill, 2025.
(more…) -
Who’s Really Eligible to Make Transactions in Pakistan?
Pakistan’s financial world has been set ablaze with a storm of debate and confusion: Are you eligible to make financial transactions in Pakistan anymore? This burning question has swept across drawing rooms, boardrooms, and the bustling streets of the country ever since the government unveiled its controversial Budget 2025-26.
(more…) -
Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
(more…) -
FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
(more…) -
Non-filers to face 40% tax on bank deposit profit
Karachi, June 11, 2025 – The Finance Bill 2025 has introduced a major increase in income tax for individuals who are not on the Active Taxpayers List (ATL), targeting the profit they earn from bank deposits.
(more…)