The Federal Board of Revenue (FBR) has provided clarity regarding the zero-rated supply of goods and services to diplomats and foreign missions under the Sales Tax Rules, 2006.
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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 falls short of January tax collection target by Rs 85 billion
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has missed its tax collection target for January 2025, falling short by Rs 85 billion. The total tax revenue collected by the FBR for the month amounted to Rs 872 billion, which was significantly below the target of Rs 957 billion.
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FBR files criminal case against faceless customs manipulators
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has launched criminal proceedings against a customs officer, several customs agents, and private individuals accused of tampering with the recently introduced Faceless Customs Assessment System—a key initiative designed to bring efficiency, transparency, and uniformity to customs clearance operations.
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FBR launches sweeping crackdown on Rs 200 billion withholding tax discrepancies
Islamabad, January 31, 2025 – In a decisive move to strengthen tax compliance and curb financial irregularities, the Federal Board of Revenue (FBR) has initiated a comprehensive crackdown on excessive claim of withholding tax (WHT) deductions amounting to Rs 200 billion.
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FBR issues SRO to extend regulatory duty on steel products
Karachi, January 31, 2025 – The Federal Board of Revenue (FBR) has announced an extension of regulatory duty on steel product imports through a newly issued notification. The FBR released SRO 78(I)/2025 on January 30, 2025, amending SRO 928(I)/2025 dated June 30, 2024, to ensure continued protection for the local steel industry.
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IRSOA Strongly Rebuts Senator Faisal Vawda’s Allegations
Islamabad, January 30, 2025 – The Inland Revenue Service Officers Association (IRSOA) has categorically and unequivocally rejected the serious yet unsubstantiated allegations made by Senator Faisal Vawda during today’s proceedings of the Senate Standing Committee on Finance.
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FBR Uncovers Rs 78 Bn Tax Evasion in Withholding of Salary Tax
Islamabad – The Federal Board of Revenue (FBR) has unearthed a colossal tax fraud amounting to Rs 78 billion in the collection and deposit of withholding tax on salary income.
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FBR Achieves 42.56% of Annual Tax Target in First Half of FY25
Islamabad, January 30, 2025 – The Federal Board of Revenue (FBR) has successfully collected 42.56% of its annual tax target during the first six months of the fiscal year 2024-25, marking a significant improvement in revenue generation.
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FBR Updates Rules for Electronic Sales Tax Invoicing, Integration
Karachi, January 29, 2025 – In a move to streamline the tax system, the Federal Board of Revenue (FBR) has issued new procedures concerning the licensing, issuance of electronic sales tax invoices, and the integration of registered persons into the electronic invoicing system.
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FBR Outlines Digital Tax Audit System for Seamless Compliance
Karachi, January 29, 2025 – The Federal Board of Revenue (FBR) has formally explained the procedural framework for conducting electronic audits (e-audits) of taxpayers under the Sales Tax Act, 1990. This initiative aims to streamline the audit process, enhance transparency, and minimize physical interaction between taxpayers and tax authorities.
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