Tag: FBR

Islamabad, September 15, 2025 – The Federal Board of Revenue (FBR) has announced new penalties for taxpayers who fail to comply with requirements regarding the issuance of sales tax invoice during the tax year 2025-26.

Islamabad, September 15, 2025 – The Federal Board of Revenue (FBR) has officially outlined monetary penalties for individuals and entities that fail to file their sales tax returns within the prescribed deadlines during the tax year 2025-26.

Karachi, September 15, 2025 – The Federal Board of Revenue (FBR) is considering an extension of the deadline for sales tax integration of registered taxpayers’ invoicing systems with its central platform, following growing concerns from the business community.

The Federal Board of Revenue (FBR) has reported a significant jump in income tax credits, which surged to Rs78 billion in tax year 2024 compared to Rs24 billion in the preceding year.

Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has clarified the rules for taxpayers who need extra time to file their sales tax return. Through the updated Sales Tax Act, 1990, as amended by the Finance Act 2025, Section 26AB outlines how a registered person may apply for an extension in filing […]

Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced important amendments to Section 26 of the Sales Tax Act, 1990, clarifying who must file a sales tax return during the tax year 2025-26.

Karachi, September 13, 2025 – The Federal Board of Revenue (FBR), through the updated Income Tax Ordinance, 2001, has provided a detailed explanation of the method of accounting that taxpayers must follow for the tax year 2025-26.

Karachi, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced new restrictions on deductions related to consumer loans, a move aimed at strengthening oversight of lending practices in the financial sector.