Lahore, July 2, 2025 – In a landmark judgment, the Lahore High Court (LHC) has upheld the Federal Board of Revenue’s (FBR) authority to initiate audit proceedings under Section 177 of the Income Tax Ordinance, 2001, independent of ongoing reassessment proceedings under Section 122(5A).
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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 imposes additional customs duty for FY2025-26
Islamabad, July 1, 2025 – In a significant fiscal measure aimed at strengthening domestic industries and regulating imports, the Federal Board of Revenue (FBR) has issued SRO 1151(I)/2025, dated June 30, 2025, to impose additional customs duty on a wide range of imported goods for the fiscal year 2025–26.
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FBR Notifies Regulatory Duty Chart for FY 2025-26
Islamabad, July 1, 2025 – The Federal Board of Revenue (FBR) has officially notified the regulatory duty (RD) rates applicable for the fiscal year 2025–26, effective from July 1, 2025.
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After Decades, FBR Crosses 10% Tax-to-GDP Milestone
Islamabad, July 1, 2025 – In a landmark achievement that signals a turning point in Pakistan’s fiscal journey, the Federal Board of Revenue (FBR) has finally shattered a decades-old barrier by securing a double-digit tax-to-GDP ratio for the fiscal year 2024-25 — a feat last witnessed generations ago.
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FBR bars India, Israel from global services procurement process
Karachi, July 1, 2025 — The Federal Board of Revenue (FBR) has officially declared India and Israel ineligible to participate in its ongoing international procurement process for audit-related services, reaffirming compliance with Pakistan’s federal policy directives.
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FBR reduces transit cargo examination to 5% to boost efficiency
Islamabad, June 30, 2025 – The Federal Board of Revenue (FBR) on Monday officially announced the reduction of transit cargo examination to just 5%. This step is aimed at minimizing procedural delays and enhancing Pakistan’s role as a regional transit hub.
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Finance Act 2025 grants IR officers civil court powers
Karachi, June 29, 2025 – In a significant legislative development, the Finance Act, 2025 has introduced sweeping changes to the powers of Inland Revenue (IR) officers by granting them the authority of a civil court during the course of inquiries under the Sales Tax Act, 1990.
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Banking Blackout: FBR freezes accounts starting July 1
Karachi, June 29, 2025 – In a powerful move aimed at tightening the noose around tax evaders, the Federal Board of Revenue (FBR) is all set to unleash a bold and unprecedented enforcement measure starting July 1, 2025: blocking bank accounts of individuals and entities who fail to register for tax despite making taxable supplies.
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Taxpayers to face penalty for wrongly claimed sales tax refund
Karachi, June 29, 2025 – The Finance Act, 2025 has introduced a major amendment to the Sales Tax Act, 1990, empowering the Federal Board of Revenue (FBR) to impose penalties on taxpayers who have received erroneous refund of sales tax.
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FBR empowered to recover sales tax based on withholding tax data
Karachi, June 29, 2025 – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) has been granted enhanced powers under the Finance Act, 2025, to recover sales tax based on the information derived from withholding income tax deductions.
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