FPCCI and Pakistan Business Council discuss taxpayer concerns, transparency, and business-friendly reforms with FBR under Prime Minister’s directives.
(more…)Tag: Federal Boad of Revenue
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FBR explains penalties for issuing tax invoices for fake transactions for FY2027
Fake or simulated tax invoices may attract penalties equal to invoice value, public listing, and automatic reversal of input tax credits under amended Sales Tax Act.
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FBR Sets Penalties of Up to Rs1 Million for Failure to Integrate Businesses for FY2026-27
Businesses failing to comply with FBR integration requirements under the Sales Tax Act may face hefty fines and possible sealing of premises.
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FBR notifies FED rates for imported electric cars and SUVs in FY2026-27
New federal excise duty structure introduces higher rates for premium imported electric vehicles while maintaining zero duty on lower-priced EVs.
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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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