August 11, 2025 – The Okara Tax Bar Association has raised serious concerns over persistent glitches in the annual return filing process for tax year 2025, urging the Federal Board of Revenue (FBR) to address the issues on an urgent basis.
(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 Tier-1 retailers for tax year 2026
Islamabad, August 2025 – The Federal Board of Revenue (FBR) has officially identified Tier-1 retailers for the tax year 2026 (covering July 2025 to June 2026), in line with updated sales tax regulations.
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FBR defines public company for tax year 2026
Islamabad, August 10, 2025 – To help taxpayers understand corporate taxation, the Federal Board of Revenue (FBR) has issued a detailed clarification on what qualifies as a public company under Pakistan’s tax laws for the tax year 2026, covering the period from July 2025 to June 2026.
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What is permanent establishment under Pakistan’s tax laws?
Islamabad, August 10, 2025 – The Federal Board of Revenue (FBR) has issued a detailed explanation of the concept of permanent establishment under Pakistan’s income tax laws to remove ambiguities and help businesses correctly determine their tax liabilities.
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Online marketplace under Pakistan’s income tax laws
Karachi, August 10, 2025 – The Finance Act, 2025 has introduced major reforms in Pakistan’s taxation framework, specifically targeting the rapidly growing online marketplace sector.
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FBR redefines non-profit organization for tax year 2025-26
Islamabad, August 10, 2025 – The Federal Board of Revenue (FBR) has issued a revised definition of a non-profit organization for taxation purposes in the tax year 2025-26, aiming to bring more clarity and transparency to the sector.
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Banks and tax fraud: FBR ends long-standing immunity
Karachi, August 10, 2025 – In a major crackdown on financial malpractice, the Federal Board of Revenue (FBR) has shattered the long-standing belief that banks are immune from legal consequences when involved in tax fraud.
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Subscribers’ privacy or tax fraud? FBR targets telecom companies
Islamabad, August 9, 2025 – The Federal Board of Revenue (FBR) has warned of legal action against telecom companies and internet service providers (ISPs) for failing to share crucial information about their subscribers.
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FTO orders IP address probe in major sales tax fraud case
Islamabad, August 9, 2025 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate IP addresses linked to a high-profile sales tax fraud case involving fake invoices worth millions.
According to the complaint, a 68-year-old commercial importer, registered for sales tax since August 2008, discovered the fraud while attempting to file his April 2025 return. Cybercriminals allegedly hacked his credentials, altered official records, and filed a falsified sales tax return showing fake supplies of Rs. 133.125 million, leading to a GST impact of Rs. 23.962 million. The transactions were traced to Rafi Enterprises, a taxpayer in RTO Quetta.
Investigators found that multiple IP addresses—originating from Battagram, Islamabad, and Frankfurt—were used to execute the fraud, likely via VPN services to mask identities. Despite repeated notices, internet providers have not disclosed subscriber details. The FTO emphasized that tracking such sophisticated cybercrime requires advanced technical capabilities currently lacking in FBR and PRAL.
The inquiry concluded that the beneficiary knowingly purchased fake invoices to evade sales tax, violating Section 73 of the Sales Tax Act. The FTO urged FBR to initiate FIRs and prosecute all parties involved in the fraud under relevant laws, as well as to strengthen monitoring systems to prevent future misuse of taxpayer credentials.
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FBR changes taxpayers’ registration scheme for 2025-26
Islamabad, August 9, 2025 – The Federal Board of Revenue (FBR) has announced important changes to the taxpayers’ registration scheme for the 2025-26 fiscal year, introducing new rules to cover e-commerce businesses under the Finance Act, 2025.
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