Tag: FBR
Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.
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FBR exceeds July 2026 target with over Rs810 billion tax collection
Strong sales tax receipts help FBR beat its July revenue target despite lower-than-expected income tax collections, providing a solid start to FY2026-27.
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Income tax rates on motor vehicles in Pakistan notified for TY 2027
FBR updates advance income tax rates on goods transport, passenger and private motor vehicles under Section 234 for Tax Year 2027.
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Brokerage and commission tax rates in Pakistan for TY 2027
FBR retains withholding tax rates of 8%, 10% and 12% on brokerage and commission income under Section 233 for Tax Year 2027.
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FBR issues tax rates on property Income for TY 2027
Rental income up to Rs300,000 remains tax-free for individuals and AOPs, while companies continue to face a flat 15% withholding tax.
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FBR notifies income tax rates on goods and services exports for TY 2027
Export of goods to attract 1.25% withholding tax, while PSEB-registered IT exporters continue to enjoy a concessional 0.25% rate.
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FBR announces transfer and posting of 80 IRS officers
Large-scale reshuffle includes BS-18 to BS-20 IRS officers, with new appointments across FBR Headquarters, RTOs, LTOs, CTOs, and directorates nationwide.
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FBR introduces fixed sales tax on steel manufacturers based on electricity consumption
New taxation mechanism links electricity usage with sales tax liability for steel melters, re-rollers, and composite units from July 1, 2026.
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First DG of Tax Policy Office Najeeb Ahmad Memon retires after distinguished IRS career
Pioneer tax official concludes decades of public service after leading Pakistan’s first Tax Policy Office and contributing to major fiscal reforms.
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FBR notifies 5% withholding tax on social media income for tax year 2027
Banks and financial institutions to deduct tax on payments to digital content creators and social media influencers from July 1, 2026.
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Income tax rates on goods, services and contracts for TY 2027
Updated withholding tax rates under Section 153 apply to payments for goods, services, contracts and e-commerce transactions from July 1, 2026.
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