Tag: Federal Board of Revenue

Real estate in Pakistan has long been considered a largely undocumented sector, often used for parking undeclared money. To curb this practice and bring transparency, the Federal Board of Revenue (FBR) has imposed advance tax on property transactions.

Pakistan’s supply chain — from manufacturers to retailers — plays a critical role in delivering goods to end consumers. However, for decades, large segments of this chain have remained outside the tax net, resulting in massive revenue leakages.

Wedding expenses are continuously rising due to inflation. Organizing a ceremony for relatives and loved ones—especially in a wedding hall or marquee—now also means bearing additional taxes along with venue rent. Do you know how much tax will be applicable on such events in tax year 2026? You must be aware.

Pakistan’s entertainment industry has long faced stiff competition from foreign TV dramas, dubbed serials, and advertisements featuring international actors. The growing presence of foreign content on local TV channels often discourages investment in local talent, writers, producers, and actors.

Are you thinking about buying or selling immovable property in Pakistan in 2026? 🏠

Before you finalize any deal, it is crucial to understand the advance tax structure imposed by the Federal Board of Revenue (FBR). Many buyers and sellers face unexpected costs simply because they are unaware of applicable tax rates.

Many buyers are unaware that property or goods purchased through auction in Pakistan are subject to income tax. Under Section 236A of the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) mandates the collection of advance tax at the time of sale by auction for tax year 2026.

Karachi, January 5, 2026 — The Federal Board of Revenue (FBR) has announced the transfer of Muhammad Saeed Watto, a BS-20 officer of the Pakistan Customs Service, to the position of Collector at the Collectorate of Customs Appraisement, Port Muhammad Bin Qasim, Karachi. The transfer comes as part of a broader reshuffling of senior customs officers across key departments in the country.

Karachi, January 5, 2026 — The Regional Tax Office (RTO)-II, Karachi, in collaboration with Inland Revenue Intelligence and Investigation (I&I), has confiscated 1,800 bags of sugar after intercepting trucks carrying counterfeit Track and Trace System (TTS) stamps during a major enforcement operation.

The Federal Board of Revenue (FBR) has updated the advance income tax framework on electricity consumption for tax year 2026, affecting industrial, commercial, and certain domestic consumers across Pakistan.