Tag: FBR
Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.
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FBR Imposes Conditions on Solar Panel Imports from July 2026
Zero customs duty retained as regulatory framework tightened under Finance Bill 2026 ISLAMABAD: The Federal Board of Revenue (FBR) has announced new regulatory conditions for solar panel imports effective from July 1, 2026, while maintaining a zero per cent customs duty on imported solar equipment under the Finance Bill 2026.
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FBR Updates Customs Duty Rates on Smartphones Effective from July 1, 2026
No increase in tariffs on imported smartphones as government maintains policy continuity for tech sector ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed revised customs duty arrangements for smartphones, stating that there will be no increase in tariffs on imported devices effective from July 1, 2026, under the Finance Bill 2026.
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Economic Survey 2025-26 reveals major shift in FBR tax revenue structure
Direct taxes emerge as key driver as Pakistan’s tax system shifts toward higher compliance and broader revenue mobilisation
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FBR notifies customs duty rates on electric vehicles from July 1, 2026
Reduced customs duty regime for electric vehicle imports extended for another year under Finance Bill 2026
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Sales tax concessions on reduced rates surge to Rs636 billion: FBR
Tax expenditure report shows 70% jump in reduced-rate sales tax concessions despite efforts to curtail tax expenditures
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FBR opens special tax collection window to reach Rs12.98 trillion target
Revenue authority orders extended working hours, including weekends, to maximise tax collection before fiscal year-end
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FBR abolishes advance tax on Foreign TV Plays and Advertisements
Removal of Section 236CA signals a major policy shift, raising concerns over the future competitiveness of Pakistan’s domestic media and entertainment industry
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Finance Bill 2026 proposes steep increase in income tax penalties
FBR seeks tougher penalties for concealment of income, false statements and non-compliance to strengthen tax enforcement.
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FBR intensifies scrutiny of undisclosed property transactions
Faceless audit system to target mismatches in income and expenditure as tax authorities move against concealed high-value property deals.
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FBR notifies fresh customs values of steel pipes under VR68/2026
New valuation ruling introduces updated customs assessment formula for carbon steel seamless pipes after industry consultations.
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