The Federal Board of Revenue (FBR) has the authority to conduct special sales tax audits under the Sales Tax Rules, 2006, updated for the tax year 2026. These audits ensure compliance with Pakistan’s sales tax laws and help registered businesses maintain accurate records.
(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 allows exchange companies to use Raast for faster remittances
Karachi, January 15, 2026 — The State Bank of Pakistan (SBP) has approved exchange companies to use the Raast payment system to process remittances, marking a significant step toward a cashless economy.
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FED on air travel becomes major revenue driver for FBR in FY25
Islamabad, January 15, 2026 – The Federal Board of Revenue (FBR) reported that Federal Excise Duty (FED) collections saw significant growth in fiscal year 2024-25, with air travel emerging as a key contributor to revenue gains.
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FBR’s Sales Tax Refund Rules for Pharmaceutical Sector in Pakistan – 2026
To ensure timely liquidity and uninterrupted supply of essential medicines, the Federal Board of Revenue (FBR) has introduced sector-specific sales tax refund rules for the pharmaceutical industry under the Sales Tax Rules, 2006 (updated for 2026).
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Sales Tax Refunds for Exporters: FBR Special Rules for 2026 Explained
The Federal Board of Revenue (FBR) has introduced special priority-based rules under the Sales Tax Rules, 2006 (updated for tax year 2026) to ensure faster and automated sales tax refunds for exporters. These rules are designed to improve liquidity, reduce delays, and minimize human intervention through digital processing systems.
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What Documents Are Required for Correct Sales Tax Refund Claims in 2026?
Obtaining a sales tax refund from the Federal Board of Revenue (FBR) remains a challenging process for many taxpayers in Pakistan. However, refund rejection can largely be avoided if the claim is filed correctly with complete and compliant supporting documents.
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FBR drives digital reforms to boost Pakistan’s tax revenue: Dr. Najeebullah
Islamabad, January 14, 2026 – The Federal Board of Revenue (FBR) is spearheading a comprehensive agenda of institutional reforms, digital transformation, and automation to modernize Pakistan’s tax administration and significantly enhance the country’s tax-to-GDP ratio.
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SBP Releases Updated Interbank Forex Rates for January 14, 2026
Karachi, January 14, 2026 – The State Bank of Pakistan (SBP) has announced the daily interbank foreign exchange (forex) rates for Wednesday, January 14, 2026. These rates are shared to assist businesses, traders, investors, and the general public in tracking currency trends and making informed financial decisions.
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Sales tax from locally assembled cars surges 159% in FY25 revenue boost
Islamabad, January 14, 2026 – The Federal Board of Revenue (FBR) reported a dramatic 159% increase in sales tax collections from locally assembled motor cars in the fiscal year 2024-25 compared to FY24, underscoring the growing contribution of the automotive sector to Pakistan’s domestic tax revenues.
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Imported vehicles drive FBR customs revenue surge in FY25
Islamabad, January 14, 2026 – Imported vehicles emerged as the top revenue generator for Pakistan’s Federal Board of Revenue (FBR) in the fiscal year 2024-25, highlighting the sector’s growing contribution to national customs collections. According to the latest FBR data, customs duties on vehicles (non-railway) alone fetched PKR 177 billion, marking a sharp 41% increase compared to the previous year.
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