Karachi, March 16, 2026 – The Federal Board of Revenue (FBR) has transferred the cases of several major multinational companies (MNCs) to the Large Taxpayers Office (LTO) Karachi to strengthen corporate tax oversight and ensure compliance with domestic tax laws.
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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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ICMAP unveils bold tax proposals for Pakistan Budget 2026–27
Karachi, March 16, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of tax proposals to the Tax Policy Office (TPO), Ministry of Finance, aimed at enhancing revenue generation and formalizing the economy for the upcoming Federal Budget 2026–27.
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FBR constitutes committees to recommend promotions for Inland Revenue officials
Islamabad, March 16, 2026 – The Federal Board of Revenue (FBR) on Monday announced the formation of two departmental committees tasked with recommending promotions for officials within the Inland Revenue Service (IRS). The move aims to streamline the promotion process and recognize the performance of officers across various grades in the department.
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Who Is Guilty of Offence by a Company Under Income Tax Laws in Pakistan? (2026 Update)
Karachi, March 2026 – The Federal Board of Revenue (FBR) has clarified the liability of individuals responsible for offences committed by companies under the Income Tax Ordinance, 2001. The 2026 update emphasizes stricter accountability for company officials and members of associations of persons (AOPs).
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FBR Sets Export Customs Value for Meat, Issues Valuation Ruling 2/2026
Karachi, March 13, 2026 – The Federal Board of Revenue (FBR) has issued Valuation Ruling (VR) No. 2/2026 to establish the customs export value of meat for the calculation of duties and taxes. This move aims to standardize export pricing and ensure compliance under the Customs Act, 1969.
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FBR vs JS Investments: Decades-long tax dispute highlights legal and currency challenges
Karachi, March 13, 2026 – JS Investments has been embroiled in a tax dispute with the Federal Board of Revenue (FBR) for over two decades, raising questions about the effectiveness of prolonged legal proceedings and the impact of currency depreciation on recoverable tax amounts.
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PRA launches student-led campaign to promote tax awareness in Punjab
Lahore, March 12, 2026 – The Punjab Revenue Authority (PRA) has decided to launch a province-wide public awareness campaign to combat tax evasion by engaging students and educational institutions across Punjab.
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FBR to continue full operations despite government austerity measures
Islamabad, March 11, 2026 – The Federal Board of Revenue (FBR) has decided to continue working with full operational capacity despite austerity measures introduced by the federal government amid a petroleum crisis linked to regional tensions.
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How much jail term is prescribed for misleading tax statements in Pakistan?
Making a false or misleading statement to tax authorities is a serious offence in Pakistan. The law prescribes criminal penalties, including imprisonment and fines, under the Income Tax Ordinance, 2001 (updated for tax year 2026).
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PM Shehbaz orders FBR to offer digital tax services in Urdu and regional languages
Islamabad, March 11, 2026 – Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to provide digital tax services in Urdu and other regional languages to improve taxpayer accessibility and compliance. The move aims to make platforms like the Auto Tax System, Digital Invoicing System, IRIS, and other FBR applications more user-friendly for citizens across Pakistan.
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