New valuation ruling aims to address under-invoicing concerns in imports of diesel engines for generators.
(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 Launches PRAL Front Desk at LTO Karachi to Enhance Taxpayer Support
New PRAL Facilitation Desk at LTO Karachi to Simplify Digital Tax Services for Businesses
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FBR tracks foreign travel and nationality of IRS and PCS officials
New disclosure rules require tax and customs officers to declare foreign nationality, travel documents and family details within 90 days.
ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a comprehensive scrutiny of foreign travel history and foreign nationality status of officials serving in the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) under newly notified disclosure rules for 2026.
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Honda Cars Pakistan Disputes Billions in Tax Payments with FBR
Honda Atlas Cars Pakistan reports tax contingencies exceeding Rs17 billion amid ongoing legal battles with tax authorities
KARACHI: Honda Atlas Cars (Pakistan) Limited has disclosed tax contingencies exceeding Rs17 billion in disputes with the Federal Board of Revenue (FBR), according to its Annual Report 2026.
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FBR revises customs values for imported ammunition; VR2087/2026
New valuation ruling includes .22 and .222 calibre ammunition and updates customs values based on market trends.
ISLAMABAD: The Federal Board of Revenue (FBR) has revised customs values for imported ammunition through Valuation Ruling No. 2087/2026, updating duty assessment rates for various calibres and origins of cartridges.
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FBR collects over Rs518 billion in salary tax, registers 6% decline in 11MFY26
Salary tax collections drop year-on-year as debate grows over relief for salaried class in upcoming budget
ISLAMABAD: The Federal Board of Revenue (FBR) collected over Rs518 billion in salary tax during the first eleven months (July–May) of fiscal year 2025-26 (11MFY26), reflecting a decline of around 6 per cent on a year-on-year basis.
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FBR to catch retailers through high-value transactions
IMF urges Pakistan to expand retailer registration and restrict certain transactions to tax filers
ISLAMABAD: The Federal Board of Revenue (FBR) is set to intensify efforts to bring undocumented retailers into the tax net by monitoring high-value transactions under a newly introduced retailer registration scheme, sources said.
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Internet disruptions major obstacle in FBR’s e-bilty operations, says KCCI
Karachi Chamber calls for phased implementation of e-bilty system amid concerns over digital infrastructure shortcomings
The Karachi Chamber of Commerce and Industry (KCCI) has identified persistent internet disruptions and inadequate digital infrastructure as major obstacles to the smooth implementation of the Federal Board of Revenue’s (FBR) e-bilty system, urging the government to reconsider its approach in the upcoming Budget 2026-27.
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KCCI calls for abolition of FBR’s bank account freezing powers
Karachi Chamber calls for business-friendly tax reforms, digital verification and an end to disruptive enforcement practices
The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to abolish the Federal Board of Revenue’s (FBR) authority to freeze bank accounts, arguing that the practice disrupts business operations and undermines taxpayer confidence.
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FBR imposes penalty on bank manager in tax recovery case; FTO takes notice
FTO directs FBR to withdraw penalties imposed on NBP manager
The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw penalties imposed on a National Bank of Pakistan (National Bank of Pakistan) branch manager, ruling that the action amounted to maladministration and administrative excess.
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