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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.

Income Tax Return FBR

FBR issues draft income tax return forms for tax year 2026

May 7, 2026May 7, 2026Shahnawaz Akhter

ISLAMABAD, May 7, 2026 – Pakistan’s Federal Board of Revenue on Thursday issued draft income tax return forms for individuals for tax year 2026 and sought feedback from stakeholders before finalising the forms for the upcoming filing season.

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watch ultra 2

FBR revises customs values for smart watches imports in Pakistan

May 7, 2026May 7, 2026Hamza Shahnawaz

ISLAMABAD, May 7, 2026 — The Federal Board of Revenue (FBR) has revised customs values for imported smart watches, smart bands and smart rings in a move aimed at curbing under-invoicing and protecting government revenue.

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FBR Building

FBR sets May 20 deadline for customs clearing agents licence applications

May 6, 2026May 6, 2026Shahnawaz Akhter

ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has invited applications from eligible individuals for the grant of customs clearing agents licences, setting May 20, 2026, as the deadline for submission.

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pakistan customs

FBR awards major penalty ‘dismissal from service’ to customs official

May 6, 2026May 6, 2026Shahnawaz Akhter

ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has dismissed a customs official from service on charges of prolonged unauthorized absence, according to an official notification issued on Wednesday.

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FBR White

FBR Mandates Petroleum Levy Information in Sales Tax Return

May 5, 2026May 5, 2026Shahnawaz Akhter

ISLAMABAD, May 5, 2026 – The Federal Board of Revenue (FBR) has made it mandatory for registered taxpayers to declare petroleum development levy and climate support levy details in monthly sales tax returns.

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pakistan customs

FBR Updates Customs Values for Imported Hand Tools After Nine-Year Hiatus

May 5, 2026May 5, 2026Shahnawaz Akhter

KARACHI – In a significant move to align import taxes with current international market trends, the Federal Board of Revenue (FBR) has officially revised the customs values for imported hand tools. The new rates come after a nine-year period during which the previous values remained stagnant despite global price fluctuations.

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Senate of Pakistan

Senate Seeks Details of FBR Corruption Cases Over Past Five Years

May 5, 2026May 5, 2026Shahnawaz Akhter

ISLAMABAD, May 5, 2026 – The Senate of Pakistan has sought comprehensive details of corruption cases within the Federal Board of Revenue (FBR) over the past five years.

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FBR Image 01 New

FBR Plans Harsh Measures to Overcome Revenue Shortfall

May 5, 2026May 5, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) is preparing to introduce strict enforcement measures to boost revenue collection and reduce the widening shortfall in the ongoing fiscal year.

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FBR Pakistan Karachi

FBR Waives Penalties on Rs8.77 Billion Tax Liability of PIA

May 4, 2026May 4, 2026Shahnawaz Akhter

ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).

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Income Tax Return FBR

Return Filing 2026: Check Now Business Income Tax Rates

May 4, 2026May 4, 2026Shahnawaz Akhter

KARACHI: The income tax return filing for tax year 2026 is expected to begin in July for taxpayers across Pakistan. Individuals and Associations of Persons (AOPs) earning business income are advised to review the updated tax rates to ensure accurate and timely filing.

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