Tax authority meets revised revenue target with net collection of Rs13 trillion after paying Rs597 billion in refunds
(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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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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Finance Act, 2026 confirms tax credit for FBR digital integration
Businesses integrating with FBR’s real-time digital systems to receive 10% tax credit on eligible technology investments
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Finance Act, 2026: FBR tightens noose around insurance business
New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance
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FBR grants Rs438 billion tax exemptions from total income: report 2026
Overall income tax concessions rise to Rs580 billion despite decline in exemptions from total income
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Manufacturers and importers found defaulters for Rs6.52bn income tax, FBR asked to recover
Audit urges FBR to expedite recovery proceedings against 1,779 taxpayers over uncollected advance income tax
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Audit Pushes FBR to Take Action Against 1,300 Withholding Agents for Rs45.4 Billion Tax Recovery
Audit report highlights massive withholding tax shortfall and urges swift recovery proceedings
ISLAMABAD: The Federal Board of Revenue (FBR) is under pressure to accelerate the recovery of more than Rs45.38 billion in unpaid withholding taxes after audit findings revealed widespread non-compliance by over 1,300 withholding agents across the country.
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Finance Act, 2026: new tax measures enforce from July 1
President signs Finance Bill 2026, paving the way for implementation of the FY2026-27 federal budget and revised tax regime
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FBR officials face hectic working hours next four days for tax collection
Tax offices to remain open over the weekend and until midnight on June 30 as FBR races to meet revised revenue target
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