Karachi, April 13, 2025 – In a significant move aimed at easing the financial burden on retiring employees, the Federal Board of Revenue (FBR) has extended income tax exemptions amounting to Rs1.65 billion on gratuity payments made to individuals during the tax year.
(more…)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.
-
FBR Issues SRO for ICC Tax Exemption
Islamabad, April 12, 2025 – The Federal Board of Revenue (FBR) has officially issued a Statutory Regulatory Order (SRO) granting tax exemption on income earned by the International Cricket Council (ICC) and its officials from the ICC Champions Trophy 2025, held in Pakistan.
(more…) -
FBR Issues Procedure for Integration into Digital Invoicing System
Islamabad, April 11, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive procedure to facilitate the integration of businesses into its digital invoicing system, as part of its ongoing efforts to enhance transparency and compliance in the tax ecosystem.
(more…) -
Top IRS Officer Dismissed Over Fraud, Misconduct Charges
Islamabad, April 11, 2025 – A senior officer of the Inland Revenue Service (IRS), holding the position of BS-20, has been awarded the major penalty of dismissal from service following a comprehensive disciplinary process.
(more…) -
FBR Issues New Reward Rules for Officers Amid Criticism
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) on Wednesday introduced new reward rules for officers within the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), but the move has been met with significant criticism from field formations.
(more…) -
FBR Extends Sales Tax Return Deadline for February to April 13
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the tax period of February 2025.
(more…) -
Divago Outlet De-sealed After Tax Compliance
Karachi, April 8, 2025 – Divago, a prominent pharmacy retail chain in Pakistan, announced that one of its outlets, previously sealed by the Federal Board of Revenue (FBR), has now been de-sealed after the company addressed the required tax compliance issues.
(more…) -
IR Inspector Removed from Service Over Unauthorized Absence
Karachi, April 8, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty of removal from service on Arshad Ali Nasir, an Inspector Inland Revenue (BS-16) posted at Regional Tax Office (RTO-I) Karachi, for his prolonged unauthorized absence from duty.
(more…) -
FBR Links Sugar Sales Tax to Retail Price
Islamabad, April 8, 2025 — In a significant policy shift, the Federal Board of Revenue (FBR) has issued new criteria for the assessment of sales tax on sugar supplies across the country.
(more…) -
MTO Karachi Seals Divago Outlet for POS Non-Compliance
Karachi, April 8, 2025 – In a decisive move to enforce tax regulations, the Medium Tax Office (MTO Karachi) has sealed an outlet of Divago, a prominent pharmacy chain in Pakistan, due to its failure to integrate its Point of Sale (POS) system with the Federal Board of Revenue (FBR).
(more…)