Businesses often invest heavily in assets that are not physical but still hold tremendous value — such as patents, software, franchises, and trademarks. These assets, commonly known as intangibles, play a vital role in driving income and long-term business growth.
(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.
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FBR lists records keeping for taxable supplies in 2025-26
Karachi, September 8, 2025 – The Federal Board of Revenue (FBR) has issued comprehensive guidelines for maintaining records related to taxable supplies during the tax year 2025-26.
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Get ready for property seizure on sales tax registration failure
Karachi, September 8, 2025 – The Federal Board of Revenue (FBR) has been vested with wide-ranging powers from the start of tax year 2025-26, enabling it to seize immovable property of individuals or businesses that fail to obtain sales tax registration.
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FBR may freeze bank accounts for sales tax registration failure
Karachi, September 8, 2025 – The Federal Board of Revenue (FBR) is preparing to take unprecedented action against businesses and individuals who continue to avoid sales tax registration despite being engaged in taxable activities.
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RTO-II Karachi achieves Rs107 billion in salary tax collection
Karachi, September 7, 2025 – The Regional Tax Office-II (RTO-II) Karachi has reported a significant achievement in revenue generation, collecting Rs107 billion in salary tax during the tax year 2024.
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Sales tax registration linked to gas, electricity supply in 2025-26
Karachi, September 7, 2025 – The Federal Board of Revenue (FBR) has been granted sweeping powers to disconnect gas and electricity supplies to businesses that fail to comply with mandatory sales tax registration requirements.
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For Whom Sales Tax Registration is Mandatory in 2025-26
Karachi, September 7, 2025 – The Sales Tax Act, 1990, updated through the Finance Act, 2025, has once again highlighted the categories of persons for whom sales tax registration is compulsory during the tax year 2025-26.
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Entitlement of Initial Allowance in Tax Year 2025-26
The Federal Board of Revenue (FBR) has clarified the entitlement of initial allowance for taxpayers during the tax year 2025-26.
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Assessment limitation defined for FBR officers in 2025-26
Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has clarified the limitation period for tax assessment procedures under the Sales Tax Act, 1990, applicable for the tax year 2025-26.
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FBR defines recovery process for unpaid sales tax in 2025-26
Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has formally detailed the procedure for recovering unpaid or short-paid sales tax during the upcoming tax year 2025-26.
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