Taxpayers can avoid surcharge by pledging not to acquire any property for six months
(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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SBP to share high-risk banking data with FBR
Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
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Finance Act, 2026 empowers FBR with direct access to high-value bank account data
Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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FBR imposes additional 30% regulatory duty on commercial imports of used vehicles
New levy takes effect under SRO 1065(I)/2026 and will be charged in addition to existing regulatory duties
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FBR notifies revised regulatory duty rates for FY2026-27 imports
SRO 1064(I)/2026 updates RD structure on hundreds of imported goods with effect from July 1, 2026
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FBR notifies new additional customs duty rates for FY2026-27 imports
SRO 1063(I)/2026 introduces revised additional customs duty structure effective from July 1, 2026
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FBR notifies procedure for collection of special excise duty on imported goods
New mechanism takes effect from July 1, 2026 under SRO 1072(I)/2026
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FBR achieves historic Rs13 trillion annual tax collection milestone in FY2025-26
Tax authority meets revised revenue target with net collection of Rs13 trillion after paying Rs597 billion in refunds
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MTO Karachi posts record Rs42.21bn tax collection in June 2026
FBR’s Medium Taxpayers Office records 29% growth in monthly revenue driven by stronger tax enforcement
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Finance Act, 2026 introduces mandatory digital filing format for corporate tax returns
Companies must submit financial statements in machine-readable formats from tax year 2026 or risk invalid tax returns
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