Karachi, July 31, 2025 – In a significant move impacting the renewable energy sector, the Directorate General of Customs Valuation has released fresh customs values for imported solar inverters, aimed at ensuring a more transparent and market-aligned assessment of duties and taxes.
(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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FBR clarifies scope of digital presence tax
Islamabad, July 30, 2025 – The Federal Government has announced that the newly introduced Digital Presence Proceeds Tax will not apply to digitally ordered goods and services supplied from outside Pakistan, provided they are already chargeable under the provisions of the same law.
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FBR starts action against taxpayers over integration failure
Islamabad, July 30, 2025 – The Federal Board of Revenue (FBR) has begun penal proceedings against taxpayers who failed to meet the mandatory integration requirements with its electronic tax system.
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FBR lists categories exempt from filing 2025 tax return
Karachi, July 30, 2025 – The Federal Board of Revenue (FBR) has issued a clarification outlining specific categories of individuals who are not required to file income tax return for the tax year 2025.
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FBR launches crackdown on Benami used cars import
KARACHI, July 30, 2025 – In a dramatic enforcement blitz, the Federal Board of Revenue (FBR) has unleashed a sweeping investigation into Benami transactions linked to the import of old and used cars, signaling a no-holds-barred approach to dismantling one of Pakistan’s most entrenched tax-evasion rackets.
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Tax bar files complaint against QR scanning, system integration
ISLAMABAD, July 29, 2025 – The Nowshera Tax Bar Association has lodged a formal complaint with the Federal Tax Ombudsman (FTO) over the recently imposed QR code scanning requirement for logging into the IRIS portal and the mandatory integration of business systems with the Federal Board of Revenue (FBR).
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FBR gets 41% more funds for FY 2025-26 expenses
Islamabad, July 29, 2025 – The federal government has significantly increased the budgetary allocation for the Federal Board of Revenue (FBR) for the fiscal year 2025-26, earmarking Rs83.10 billion for its expenditures. This reflects a 41% jump compared to Rs58.80 billion allocated in the previous fiscal year.
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FBR notifies option to pay duties after assessment for early GDs
Islamabad, July 29, 2025 – The Federal Board of Revenue (FBR) has issued a new statutory regulatory order, SRO 1360(I)/2025, introducing a key procedural change for importers.
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FBR issues guidelines for changing personal details on IRIS
KARACHI, July 29, 2025 – The Federal Board of Revenue (FBR) has released comprehensive guidelines for taxpayers seeking to change or update their personal details through the IRIS portal – FBR’s official online system for income tax return filing.
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FBR reconstitutes committee for sales tax integration licensing
ISLAMABAD, July 29, 2025 – The Federal Board of Revenue (FBR) has officially reconstituted the committee responsible for evaluating applications related to the integration of registered persons under the Sales Tax Rules, 2006.
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