FBR’s Tax Year 2027 rules cover physical offices, digital operations, services, agents, equipment and interconnected business activities as potential permanent establishments.
(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 defines NPO criteria for Tax Year 2027
FBR sets purpose, registration, approval and asset-use conditions for organisations seeking NPO status for Tax Year 2027.
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FBR sets criteria for greenfield industrial undertakings for Tax Year 2027
FBR sets land, technology, machinery and approval requirements for new industrial projects seeking greenfield status in Tax Year 2027.
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FBR, ICAP jointly organise seminar on filing tax return for TY 2026
Seminar in Peshawar briefs tax practitioners on updated filing requirements, online procedures and key changes for Tax Year 2026.
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FBR demotes Customs official over facilitation of contraband theft
Customs Inspector Raza Rehman receives a major penalty after FBR finds his unauthorised absence facilitated the theft of contraband from Gadani facility.
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FTO flags ‘benami’ tax payments linked to commercial electricity consumption
Ombudsman directs FBR and IESCO to investigate tax payments of over Rs1.55 million wrongly recorded against a salaried taxpayer’s CNIC.
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FBR will include these as dividend income in TY 2027
Updated income tax rules specify distributions, shareholder payments and branch profit remittances that qualify as dividend income.
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FBR will treat these acts as concealment of income in TY 2027
Updated income tax law identifies specific acts as concealment while requiring proof that taxpayers acted knowingly and wilfully.
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Beneficial owner defined under Income Tax Ordinance for TY 2027
FBR sets out ownership and control criteria for identifying beneficial owners under Pakistan’s income tax framework.
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FBR, KTBA discuss income tax return design and taxpayer experience
Tax practitioners propose Excel uploads and other improvements as FBR reviews digital return system with stakeholders.
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