Islamabad, February 21, 2025 – Pakistan’s tax collection from property transactions has surged to Rs 130 billion during the first seven months (July–January) of the fiscal year 2024-25, according to sources within the Federal Board of Revenue (FBR).
(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 Misses Deadline for Notifying 2025 Income Tax Return Forms
Karachi, February 20, 2025 – The Federal Board of Revenue (FBR) has failed to meet the deadline for notifying the finalized FBR return forms for income tax year 2025, raising concerns among taxpayers and experts regarding compliance and regulatory adherence.
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FBR Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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RTO-1 Karachi Targets POS Rule Breakers on Tariq Road
Karachi, February 18, 2025 – In a significant move against non-compliance with tax regulations, the Regional Tax Office (RTO)-1 Karachi has sealed three major retail outlets on Tariq Road for violating Point of Sale (POS) rules.
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Understanding Fraud Under the Customs Act, 1969
Karachi, February 18, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation regarding the definition of fraud under the Customs Act, 1969.
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PBC Urges FBR to Raise Refund Processing Limits for Exporters
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to revise and increase the refund processing limits for exporters to facilitate business operations and improve liquidity.
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FBR Tightens POS Rules to Seal Tier-1 Retailer Outlets
Islamabad, February 17, 2025 – The Federal Board of Revenue (FBR) on Monday introduced stricter rules regarding the Point of Sale (POS) integration for Tier-1 retailers.
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FPCCI Applauds Separation of Tax Policy from FBR
Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
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No Tax Amnesty for Property Transactions: FBR Chairman
Islamabad, February 16, 2025 – Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has categorically denied any plans to introduce a tax amnesty scheme for property transactions.
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FBR Reports 53% Surge in Salary Tax Collection During 7MFY25
Islamabad, February 16, 2025 – The Federal Board of Revenue (FBR) has reported a significant 53% surge in tax collection from the salaried class during the first seven months (July–January) of the fiscal year 2024-25.
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