Islamabad, July 11, 2025 – Planning a wedding in Islamabad this year? You might want to take a closer look at the latest tax update! The Federal Board of Revenue (FBR) has officially notified revised tax rates on services provided by marriage halls and related venues for the fiscal year 2025-26.
(more…)Tag: FBR
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.
-
FBR launches virtual review under faceless assessment system
Karachi, July 10, 2025 – In a significant step towards enhancing transparency and efficiency, the Federal Board of Revenue (FBR) has officially introduced a virtual review mechanism under its faceless assessment system.
(more…) -
FBR Declares Who Must File Income Tax Return 2025
Karachi, July 10, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive list of individuals and entities for whom income tax return filing for the tax year 2025 is now mandatory.
(more…) -
FBR defends disallowance of 50% expenditure on cash sales
Islamabad, July 10, 2025 — The Federal Board of Revenue (FBR) has come under scrutiny for introducing a controversial measure that disallows 50% of business expenditure linked to high-value cash sales.
(more…) -
Ineligible persons continue to enjoy restriction free transactions
Karachi, July 10, 2025 — Despite Parliament’s bold move to curb undocumented wealth and penalize non-compliant taxpayers, ineligible persons continue to enjoy restriction-free transactions due to a strategic delay in the law’s implementation.
(more…) -
CEO and CFO Freed from FBR’s Arrest Powers
Karachi, July 10, 2025 – In a dramatic turn of events, the Federal Board of Revenue (FBR) has been stripped of its controversial powers to arrest the CEO and CFO of companies allegedly involved in tax fraud.
(more…) -
FBR targets online marketplace vendors under new reporting rules
Karachi, July 10, 2025 – The Federal Board of Revenue (FBR) has launched a targeted initiative to monitor and document the activities of vendors operating on online marketplace platforms, aiming to bring more e-commerce participants into the tax net.
(more…) -
FBR grants big tax relief on Import of 0.5MMT sugar
Islamabad, July 9, 2025 – The Federal Board of Revenue (FBR) has granted sweeping tax exemptions and concessions on the import of 0.5 million metric tons (MMT) of white crystalline sugar, aimed at stabilizing domestic supply and curbing rising prices.
(more…) -
Bank Accounts Now Mandatory for 2025 Tax Return Filing
Karachi, July 9, 2025 – Planning to file your income tax return for Tax Year 2025? Get ready – because this time, having a bank account is no longer optional. The Federal Board of Revenue (FBR) has made it mandatory for salaried individuals to declare their bank accounts while filing their income tax return.
(more…) -
Business community rises against FBR’s arrest powers
Multan, July 9, 2025 — A thunderous wave of resistance is sweeping across Pakistan as the business community unites in fierce opposition to the sweeping arrest and investigation powers granted to the Federal Board of Revenue (FBR) through the controversial Finance Act, 2025.
(more…)