Karachi, February 13, 2025 – The Federal Board of Revenue (FBR) has officially issued a notification detailing the list of prohibited goods for foreign trade for the tax year 2025.
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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 Updates Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
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Non-Filers Drive 85% Spike in Car Buying
Karachi, February 11, 2025 – A massive increase of 85% was recorded in car buying during the month of January 2025, driven by fears of impending restrictions on non-filers of income tax returns.
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FBR Revises Karachi Property Valuation, Introduces New Criteria
Islamabad, February 11, 2025 – The Federal Board of Revenue (FBR) has amended the property valuation rates for Karachi, introducing a revised structure to ensure greater transparency in real estate assessments.
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FBR Updates Valuation Criteria for Sales Tax on Used Vehicles
Karachi, February 11, 2025 – The Federal Board of Revenue (FBR) has revised the valuation method for used vehicles concerning the calculation of sales tax.
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FBR Reports Record 6.26M Active Taxpayers Ahead of Restrictions
Islamabad, February 10, 2025 – The Federal Board of Revenue (FBR) has announced a record-breaking 6.26 million active taxpayers ahead of the implementation of stringent measures aimed at curbing tax evasion.
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Tax Package for Real Estate Unlikely Before Budget 2025-26
Islamabad, February 9, 2025 – The government is unlikely to introduce any tax package for the real estate sector before the presentation of the budget for the fiscal year 2025-26.
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KTBA Urges FBR to Delay SRO 55 Compliance for Two Months
Karachi, February 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to defer the implementation of SRO 55(I)/2025, which introduces key modifications to sales tax return filing.
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NA Set to Approve Tax Bill to Restrict Transactions by Non-Filers
Islamabad, February 7, 2025 – The National Assembly is poised to approve the Tax Amendment Bill in its upcoming session, which aims to impose strict restrictions on non-filers of income tax returns, preventing them from engaging in various financial transactions.
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Major FBR Shakeup: Ahmad Shuja Becomes Member Audit
Islamabad, February 7, 2025 – The Federal Board of Revenue (FBR) has undertaken a significant administrative reshuffle, transferring several senior Inland Revenue Service (IRS) officers to key positions.
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