Tax Expenditure Report 2026 estimates Pakistan’s tax expenditure at 2.07% of GDP, well below the global average of 4.9%.
(more…)Tag: Federal Board of Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR identifies seven types of income tax exemptions and concessions
Tax Expenditure Report 2026 categorises major income tax relief measures to improve transparency and assess their fiscal impact.
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FBR introduces benchmark framework to measure income tax reliefs
Tax Expenditure Report 2026 distinguishes structural features of Pakistan’s tax system from targeted tax concessions to improve fiscal transparency.
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FBR explains four key tax relief mechanisms under Pakistan’s tax laws
Tax Expenditure Report 2026 outlines how allowances, tax credits, exemptions and reduced tax rates support economic objectives while affecting government revenue.
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FBR failed to recover Rs1.02 billion property income tax: AGP
Audit finds 472 withholding agents failed to deduct tax on rental payments across 17 FBR field offices
ISLAMABAD: The Federal Board of Revenue (FBR) has failed to recover more than Rs1.02 billion in withholding tax on income from property after hundreds of withholding agents did not deduct tax on rental payments, according to the latest audit report of the Auditor General of Pakistan (AGP).
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FTO urges FBR to adopt SOP for implementing ombudsman recommendations
Tax Ombudsman calls for stronger coordination between statutory tax powers and grievance redressal to enhance taxpayer confidence.
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FBR redefines sales tax benchmark for tax expenditure estimates
Revised methodology excludes exports, diplomatic exemptions and other structural tax provisions to align reporting with international best practices.
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FBR revises tax expenditure methodology, excludes key tax relief measures
Tax authority adopts international reporting standards, narrowing the scope of tax expenditures by excluding structural tax provisions and treaty-based exemptions.
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Audit flags FBR failure to recover Rs54 billion in tax concealment cases
Government auditors cite persistent enforcement gaps as over 1,180 cases involving unexplained income and assets remain tied up in legal proceedings.
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FBR cracks down on hidden retail prices of Third Schedule items
New sales tax order mandates clear retail price and tax display on Third Schedule goods to curb tax evasion
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