If you are holding money on behalf of a tax defaulter, tax year 2026 could bring serious consequences for you as well. Under Pakistan’s tax laws, the Federal Board of Revenue (FBR) has the legal authority to recover unpaid taxes directly from third parties who owe or hold money for defaulting taxpayers.
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FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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FBR reports 30% drop in Karachi electricity tax collection during 5MFY26
Islamabad, December 20, 2025 – The Federal Board of Revenue (FBR) has reported a significant 30% decline in tax collection from electricity consumption in Karachi during the first five months (July–November) of the fiscal year 2025-26.
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Tax defaulters to face property sale and arrest for FBR recovery
Tax default is no longer a minor compliance issue. Under Pakistan’s tax laws, the Federal Board of Revenue (FBR) holds extensive powers to recover unpaid taxes, including the sale of property and arrest of taxpayers.
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What are tax payment deadlines for tax year 2026? FBR explains
Meeting income tax payment deadlines is critical for taxpayers in Pakistan. Missing a due date can lead to default surcharge, penalties, and enforcement action by the Federal Board of Revenue (FBR).
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Provisional Tax Assessment in Pakistan: What You Should Know
The Federal Board of Revenue (FBR) holds wide-ranging powers under the Income Tax Ordinance, 2001 to safeguard revenue and address tax evasion. One such important mechanism is the provisional tax assessment, which allows tax authorities to assess income in specific high-risk situations even before a final assessment is issued.
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Why Taxpayers Must Understand the Role of FBR’s Commissioner (Appeals)
For taxpayers in Pakistan, understanding the role of the Commissioner (Appeals) is crucial. This office serves as the first stage of relief when a taxpayer disagrees with an order or decision by the Federal Board of Revenue (FBR). Knowing how to navigate this process can save time, money, and stress in resolving tax disputes.
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PM Shehbaz directs FBR, provinces to launch crackdown on illegal petrol pumps
Islamabad, December 19, 2025 – Prime Minister Muhammad Shehbaz Sharif on Friday ordered the Federal Board of Revenue (FBR) and provincial governments to initiate a massive crackdown on illegal petrol pumps operating across Pakistan. The directive aims to strengthen enforcement against smuggling, tax evasion, and illicit trade, ensuring protection of the country’s economic interests.
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Are you a 2025 return filer? You must know how FBR assesses your return
If you have filed your income tax return for tax year 2025, understanding how the Federal Board of Revenue (FBR) assesses your declaration is crucial. Many taxpayers believe filing a return ends their responsibility—but under Pakistan’s tax law, filing is only the beginning of the assessment process.
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Who is required to file a foreign income and assets statement in Pakistan?
If you are a resident taxpayer in Pakistan with overseas income or assets, filing a foreign income and assets statement is not optional—it is a legal obligation under the Income Tax Ordinance, 2001. Failure to comply can trigger enforcement action by the Federal Board of Revenue (FBR), especially from tax year 2026 onward.
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Your wealth statement must contain these details to avoid FBR action
Filing an accurate wealth statement is not just a formality—it is a legal requirement that can protect you from scrutiny, penalties, and enforcement action by the Federal Board of Revenue (FBR). Under the Income Tax Ordinance, 2001, the FBR has clearly defined what a valid wealth statement must include for each tax year.
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