Taxation Archives - Page 9 of 769

FBR to launch AI-based system to check false data in tax returns through Finance Bill 2026

May 13, 2026May 13, 2026Shahnawaz Akhter

Government plans technology-driven tax reforms to curb evasion and improve transparency Islamabad: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax system through the upcoming Finance Bill 2026 to identify false information in tax returns and strengthen enforcement against tax evasion.

FBR tax-to-GDP ratio slips in 9MFY26 despite 10% revenue growth

May 13, 2026May 13, 2026Shahnawaz Akhter

Pakistan’s tax collection rises to Rs9.31 trillion but tax-to-GDP ratio declines ISLAMABAD – The tax-to-GDP ratio based on revenue collection by the Federal Board of Revenue (FBR) declined during the first nine months of fiscal year 2025-26 despite a 10% increase in overall tax collection.

FBR issues new import values for solar panels

May 12, 2026May 12, 2026Shahnawaz Akhter

FBR revises customs values for solar panels Federal Board of Revenue on Tuesday issued fresh import values for solar panels for the assessment of customs duty and taxes on imported consignments.

Aurangzeb assures facilitative tax measures in Budget 2026-27

May 11, 2026May 11, 2026Mrs. Anjum Shahnawaz

Finance minister meets ICAP delegation Muhammad Aurangzeb has assured chartered accountants that the government will introduce facilitative tax measures in the upcoming Budget 2026-27.

FBR introduces new tax enrolment rules for foreign NGOs

May 11, 2026May 11, 2026Shahnawaz Akhter

Federal Board of Revenue on Monday introduced new conditions for foreign non-government organizations seeking e-enrolment in Pakistan’s national tax system.

FBR reports 37% surge in revenue paid with income tax returns

May 10, 2026May 10, 2026Shahnawaz Akhter

Federal Board of Revenue has reported a 37 percent increase in revenue paid along with income tax returns for the tax year 2025, reflecting improved tax compliance and higher voluntary payments.

OICCI Seeks Higher Salary Tax Exemption in Budget 2026-27

May 9, 2026May 9, 2026Shahnawaz Akhter

Overseas Investors Chamber of Commerce and Industry has proposed increasing the taxable salary income threshold to Rs1.2 million annually in the federal budget 2026-27, compared to the existing limit of Rs600,000.

FBR Warns Taxpayers Over Non-Declaration of Property

May 9, 2026May 9, 2026Shahnawaz Akhter

Federal Board of Revenue has warned taxpayers of strict legal action for failing to declare property details in income tax returns for tax year 2026.

Pakistan apex court strikes down tax on deemed property income

May 7, 2026May 7, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.

Pakistan set to reduce PTA mobile phone taxes for overseas Pakistanis

May 7, 2026May 7, 2026Hamza Shahnawaz

ISLAMABAD, May 7, 2026 – Pakistan is considering reducing taxes on mobile phones registered through the Pakistan Telecommunication Authority to provide relief for overseas Pakistanis visiting the country, a senior federal minister told the Senate on Thursday.

Category: Taxation