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.
Zero customs duty retained as regulatory framework tightened under Finance Bill 2026
ISLAMABAD: The Federal Board of Revenue (FBR) has announced new regulatory conditions for solar panel imports effective from July 1, 2026, while maintaining a zero per cent customs duty on imported solar equipment under the Finance Bill 2026.
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No increase in tariffs on imported smartphones as government maintains policy continuity for tech sector
ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed revised customs duty arrangements for smartphones, stating that there will be no increase in tariffs on imported devices effective from July 1, 2026, under the Finance Bill 2026.
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Direct taxes emerge as key driver as Pakistan’s tax system shifts toward higher compliance and broader revenue mobilisation
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Reduced customs duty regime for electric vehicle imports extended for another year under Finance Bill 2026
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Tax expenditure report shows 70% jump in reduced-rate sales tax concessions despite efforts to curtail tax expenditures
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Revenue authority orders extended working hours, including weekends, to maximise tax collection before fiscal year-end
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Removal of Section 236CA signals a major policy shift, raising concerns over the future competitiveness of Pakistan’s domestic media and entertainment industry
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FBR seeks tougher penalties for concealment of income, false statements and non-compliance to strengthen tax enforcement.
(more…)Faceless audit system to target mismatches in income and expenditure as tax authorities move against concealed high-value property deals.
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New valuation ruling introduces updated customs assessment formula for carbon steel seamless pipes after industry consultations.
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