New federal excise duty structure introduces higher rates for premium imported electric vehicles while maintaining zero duty on lower-priced EVs.
(more…)Tag: Federal Boad of Revenue
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FBR slaps up to 92% FED on imported vehicles in Pakistan for FY2026-27
New federal excise duty rates target imported cars, SUVs, and luxury vehicles with engine capacities above 2,000cc under the updated tax framework.
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FBR announces major transfers, postings of IRS officers in BS-19 to BS-22
Senior Inland Revenue Service officers reassigned across FBR headquarters, tax offices, and directorates nationwide with immediate effect.
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Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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FBR Gains Access to PSX Online System for Broadening Tax Base
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) will gain access to the online system of the Pakistan Stock Exchange (PSX) for broadening of tax base.
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FBR Targets Two Million New Taxpayers with Inauguration of 145 District Tax Offices
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Pakistan Begins Collecting Bank Guarantee for Afghan Transit Goods to Curb Pilferage
Karachi, October 7, 2023 – In a bid to enhance security measures and curb pilferage of Afghan transit goods on Pakistani soil, Pakistan has initiated the process of collecting bank guarantees for goods intended for Afghan transit trade.
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Pakistan Implements Bank Guarantees to Secure Duty and Taxes on Afghan Transit Goods
Karachi, October 3, 2023 – In a bid to bolster customs security and ensure compliance with customs procedures, Pakistan has introduced a new system of bank guarantees for Afghan transit trade goods.
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Pakistan Slaps 10% Processing Fee on Afghan Transit Goods to Curb Smuggling
Karachi, October 3, 2023 – In a bid to curb the rampant smuggling of goods, Pakistan has introduced a 10 percent processing fee for the clearance of Afghan transit trade goods passing through its territory.
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Return Filing Glitches Annoy Non-Resident Pakistanis
Karachi, September 27, 2023 – Non-resident Pakistanis are encountering significant challenges as they attempt to file their income tax returns for the tax year 2023, primarily due to persistent glitches in the Federal Board of Revenue’s (FBR) online portal.
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