Karachi, December 10, 2025 – The Federal Board of Revenue (FBR) has announced a revised valuation mechanism for steel products to streamline and enhance sales tax collection across the steel sector. The updated valuation method was formally notified through SRO 2402(I)/2025, issued on Wednesday.
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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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LTO Karachi begins monitoring foreign assets of high net-worth individuals
Karachi, December 10, 2025 – The Large Taxpayers Office (LTO) Karachi has initiated the assessment and monitoring of foreign assets belonging to several high net-worth individuals, following directives issued by the Federal Board of Revenue (FBR).
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FBR sets December 31 deadline for corporate return filing for tax year 2025
Karachi, December 10, 2025 – The Federal Board of Revenue (FBR) has officially announced December 31, 2025 as the last date for corporate entities to file their annual income tax returns for Tax Year 2025. The tax authority has reminded companies to ensure timely filing in compliance with the Income Tax Ordinance, 2001.
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FBR clarifies tax treatment of gains on disposal of assets outside Pakistan
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided detailed guidance on the tax treatment of gains from disposal of assets outside Pakistan under Section 101A of the Income Tax Ordinance, 2001.
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FBR explains geographical source of income for tax year 2026
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation on what constitutes Pakistan-source income for Tax Year 2026 under Section 101 of the Income Tax Ordinance, 2001.
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FBR notifies fresh property valuation tables for Islamabad, issues SRO 2392(I)/2025
Islamabad, December 9, 2025 — The Federal Board of Revenue (FBR) has officially notified new property valuation tables for Islamabad through SRO 2392(I)/2025, dated December 8, 2025, bringing an end to the previous valuation framework introduced in July 2022.
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Return filers traumatized by compliance messages, FBR issues clarification
Islamabad, December 8, 2025 – A wave of confusion spread among return filers on Monday after many taxpayers unexpectedly received SMS reminders urging them to file their income tax returns for Tax Year 2025, despite having already filed before the deadline.
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Karachi Customs seizes smuggled mobile phones, tampered Prado worth Rs96 million
Karachi, December 7, 2025 – In a major crackdown on smuggling, the Collectorate of Customs Enforcement Karachi has seized 564 high-end smuggled mobile phones along with a tampered Toyota Land Cruiser Prado, valued at a total of Rs96 million. The operation took place near the Karachi–Hyderabad Toll Plaza and was conducted based on precise intelligence.
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FBR issues first-ever customs valuation ruling for aromatic chemicals: VR 2029
Karachi, December 7, 2025 – The Federal Board of Revenue (FBR) has, for the first time, introduced fixed customs values for a range of aromatic chemicals to standardize the assessment of duties and taxes at the import stage.
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FBR Expands Tax Net, Integrates Over 10,800 Tier-1 Retailers into POS System
Islamabad, December 2025 – The Federal Board of Revenue (FBR) has successfully integrated 10,858 Tier-1 retailers into its Point of Sales (POS) system, strengthening documentation of transactions for major retailers, particularly in the hotel and restaurant sector.
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