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Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.

  • Procedure to avail reduced income tax rate on import of raw material

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    KARACHI – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for taxpayers to apply for the reduced rate of withholding income tax on the import of raw materials through the online system, Iris.

    Written by

    Hamza Shahnawaz
    FBR White

  • Active taxpayers number surpasses 1.8 million for tax year 2017

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    KARACHI, [Date] – In a significant milestone for Pakistan’s tax revenue collection, the number of active taxpayers has exceeded 1.8 million for the tax year 2017, as reported in the latest weekly Active Taxpayers List (ATL) released by the Federal Board of Revenue (FBR). The FBR sources have confirmed that the total number of active…

    Written by

    Mrs. Anjum Shahnawaz
    FBR Blue

  • Income Tax Ordinance 2001 Defines Unexplained Income and Assets for Taxation in 2019

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    ISLAMABAD – The Income Tax Ordinance 2001 has laid out specific provisions for addressing unexplained or concealed income and assets, offering a framework for taxation during the tax year 2019. Section 111 of the Ordinance defines the parameters of unexplained income or assets, providing transparency and guidelines for both taxpayers and tax authorities. Section 111:…

    Written by

    Mrs. Anjum Shahnawaz
    FBR Blue

  • Banks require to collect 5pc withholding tax on off-shore digital services

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    Banks in Pakistan are now required to collect a 5 percent withholding tax on payments for off-shore digital services, according to the Withholding Tax Card for Tax Year 2019 released by the Federal Board of Revenue (FBR).

    Written by

    Mrs. Anjum Shahnawaz
    FBR White

  • Media to pay 20pc final tax on foreign produced advertisements

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    The Federal Board of Revenue (FBR) in Pakistan has introduced a significant tax measure by imposing a 20% final tax on media at the time of payments for the production of commercial advertisements to foreign entities.

    Written by

    Mrs. Anjum Shahnawaz
    FBR White

  • Withholding tax rate on winning prize bonds

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    The Federal Board of Revenue (FBR) has revealed the withholding tax rate on prize bonds and winning for Tax Year 2019, as outlined in Section 156 of the Income Tax Ordinance, 2001.

    Written by

    Mrs. Anjum Shahnawaz
    FBR White

  • Withholding tax rates on income from property for Tax Year 2019

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    The Federal Board of Revenue (FBR) has recently released the rates of withholding tax to be collected on income from property for Tax Year 2019.

    Written by

    Mrs. Anjum Shahnawaz
    FBR Blue

  • Curbs on non-filers trap tax authorities

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    ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018-2019.

    Written by

    Mrs. Anjum Shahnawaz
    FBR White

  • FBR transfers 52 IRS officers in major reshuffle

    ISLAMABAD: The Federal Board of Revenue (FBR) notified the transfers and postings of 52 officers of the Inland Revenue Service (IRS) in a major reshuffle on Saturday.

    Written by

    Mrs. Anjum Shahnawaz
    Inland Revenue Service

  • Applicable duty, tax rates on mobile phones

    Applicable rates of duty and tax on mobile phones have been unveiled for the payment at the import stage and collected by Pakistan Customs.

    Written by

    Hamza Shahnawaz
    mobile phones