Islamabad, May 13, 2025 – Prime Minister Shehbaz Sharif has directed strict action against officials of the Federal Board of Revenue (FBR) found guilty of facilitating tax evasion.
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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 to launch remote image analysis system for port integration
Karachi, May 13, 2025 – In a major step towards modernizing its operations, the Federal Board of Revenue (FBR) is set to implement a cutting-edge Remote Image Analysis Center (RIAC) aimed at integrating data across all entry and exit points of the country, including seaports, land border posts, and airports.
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Supreme Court clarifies timeframe for tax record retention
The Supreme Court of Pakistan has ruled that the statutory timeframe for retaining tax records, typically set at six years under Section 174(1) of the Income Tax Ordinance, 2001, becomes secondary if a legal proceeding is pending.
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FBR adds 2.39 million taxpayers via law amendments, NA informed
Islamabad, May 13, 2025 — The Federal Board of Revenue (FBR) has successfully brought 2,391,566 new taxpayers into the system through amendments made under the Tax Laws Amendment process. This was disclosed by Parliamentary Secretary for Finance Saad Waseem Sheikh during the Question Hour in the National Assembly on Monday.
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FTO directs FBR to resolve long-standing electricity duty issue
Islamabad, May 12, 2025 – In a significant move aimed at safeguarding consumers from excessive taxation, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint committee to re-evaluate the entire regime of electricity duty and taxes calculated thereon.
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FBR begins on-site monitoring of beverage manufacturing units
Islamabad – The Federal Board of Revenue (FBR) has initiated an on-spot inspection campaign targeting beverage manufacturing units across the country.
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Pakistan may introduce capital value tax for crypto assets
Karachi, May 11, 2025 – Pakistan is likely to introduce a Capital Value Tax (CVT) on crypto assets held by resident citizens, as the government moves toward formalizing regulation for digital currencies.
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FBR advised to enforce mandatory return filing for professionals
Karachi, May 11, 2025 — The Federal Board of Revenue (FBR) has been strongly urged to implement compulsory income tax return filing for professionals across various sectors, particularly those affiliated with formal associations and professional bodies such as bar councils and trade organizations.
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FBR considers possible tax cuts on immovable properties in budget
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively reviewing a proposal to revise the taxation structure on immovable properties in the upcoming federal budget for the fiscal year 2025-26. This move comes in response to persistent demands from real estate stakeholders and aims to stimulate investment while balancing revenue generation.
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Smoking poses serious health risks: FBR mulls cigarette FED hike
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively considering a significant increase in the federal excise duty (FED) on cigarettes in the upcoming 2025–26 budget, citing the severe health risks posed by smoking.
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