The Federal Board of Revenue (FBR) has issued updated guidelines for the taxation of speculation business in Pakistan for the tax year 2025-26.
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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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How to Determine Business Income for Tax Year 2025-26
Karachi, September 1, 2025 – The Federal Board of Revenue (FBR) has released updated guidelines to help taxpayers understand how their business income will be calculated for the tax year 2025-26. These guidelines are part of the revised Income Tax Ordinance, 2001, which now includes amendments from the Finance Act, 2025.
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Domestic electricity consumers granted withholding tax relief
Domestic electricity consumers across Pakistan have received significant relief as the Federal Board of Revenue (FBR) announced an exemption from withholding income tax on smaller household bills.
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FBR begins penal action over digital invoice non-compliance
Islamabad, September 1, 2025 – The Federal Board of Revenue (FBR) has formally launched penal proceedings against corporate taxpayers and importers failing to comply with mandatory digital invoice regulations.
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Unlocking best judgment assessment for tax year 2025-26
Islamabad, August 31, 2025 – The Federal Board of Revenue (FBR) has introduced a clearer definition of best judgment assessment for the tax year 2025-26 through amendments to the Sales Tax Act, 1990, updated via the Finance Act, 2025.
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No notice required for sales tax recovery under section 11A
Islamabad, August 31, 2025 – The Federal Board of Revenue (FBR) has clarified that tax officers are not obligated to issue a notice before initiating recovery proceedings for short-paid sales tax under Section 11A of the Sales Tax Act, 1990.
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FBR issues procedure for input tax refunds in tax year 2025-26
KARACHI, August 31, 2025 – The Federal Board of Revenue (FBR) has released updated guidelines for claiming refunds of input tax for the tax year 2025-26.
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Advance tax rates on brokerage, commission for 2025-26
KARACHI: The Federal Board of Revenue (FBR) has announced revised advance tax rates applicable on brokerage and commission for the tax year 2025-26.
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NBP reports Rs36 billion income tax disputes with FBR
Karachi, August 30, 2025 – The National Bank of Pakistan (NBP) has disclosed that its ongoing income tax disputes with the Federal Board of Revenue (FBR) have reached an aggregate value of approximately Rs36 billion by the end of the second quarter of 2025.
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FBR issues 2025-26 withholding tax card for motor vehicles
Islamabad, August 30, 2025 – The Federal Board of Revenue (FBR) has issued the updated withholding tax card for Tax Year 2025-26, covering the period from July 1, 2025, to June 30, 2026.
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