Taxpayers in Pakistan should be fully aware that income tax laws empower the Federal Board of Revenue (FBR) to enter business or residential premises without prior notice. With stricter enforcement measures in place for tax year 2026, compliance and proper record-keeping have become more important than ever.
(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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How Many Years Should You Keep Income Tax Records? Taxpayers Must Know
Keeping proper tax records is not just good practice—it is a legal requirement in Pakistan. Many taxpayers are unaware of how long they must retain documents, which can lead to serious issues during audits or investigations by the Federal Board of Revenue (FBR).
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FBR explains safeguards for tax-free imports into Gilgit-Baltistan
The Federal Board of Revenue (FBR) has addressed concerns raised by traders and business bodies regarding the proposed procedure for tax-free imports meant exclusively for Gilgit-Baltistan (GB).
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Inspector RTO Karachi sacked for illegal access to taxpayers’ data
Islamabad, December 30, 2025 – The Federal Board of Revenue (FBR) has dismissed an inspector posted at Regional Tax Office (RTO)-I Karachi for illegally accessing and misusing taxpayers’ data.
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SBP Releases Daily Interbank Currency Exchange Rates: December 30, 2025
Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) has released the daily interbank currency exchange rates for Tuesday, December 30, 2025, aimed at providing up-to-date information for banking consumers and financial institutions. These rates serve as a reference point for commercial transactions and are widely used by banks, businesses, and individuals dealing in foreign currencies.
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PM Shehbaz dismisses FBR’s BS-20 IRS officer over corruption charges
Islamabad, December 30, 2025 – Prime Minister Shehbaz Sharif has approved the dismissal of a BS-20 officer of the Inland Revenue Service (IRS) on proven corruption charges. The officer, Riaz Ali Shah, was serving as Chief (Accounting) in the Organizational Audit Wing of the Federal Board of Revenue (FBR), Islamabad, while posted in Karachi.
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Who Can Represent You Before FBR in Tax Year 2026
Navigating the Federal Board of Revenue (FBR) procedures can be complex, and often taxpayers require a representative to act on their behalf. Section 172 of the Income Tax Ordinance, 2001 clearly outlines who can legally represent you in Pakistan for tax year 2026.
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How Much FBR Will Pay for Delayed Refunds in Tax Year 2026
Are you a taxpayer in Pakistan waiting for a refund from the Federal Board of Revenue (FBR)? If your refund is delayed, the FBR is responsible for paying an additional amount as compensation. Understanding Section 171 of the Income Tax Ordinance, 2001 will help you know your rights and how much you can claim for delayed refunds in tax year 2026.
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Eligibility for Income Tax Refunds in Pakistan – Tax Year 2026
If you are a taxpayer in Pakistan and have paid more tax than you were liable for, you may be eligible to claim an income tax refund from the Federal Board of Revenue (FBR) in tax year 2026. Understanding the rules and procedures under Section 170 of the Income Tax Ordinance, 2001 will help you ensure a smooth refund process.
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LCCI raises alarm over tax-free imports via Sost Dry Port
Lahore, December 30, 2025 — The Lahore Chamber of Commerce and Industry (LCCI) has raised serious concerns over the Federal Board of Revenue’s (FBR) decision to allow tax-free imports of more than 2,400 Chinese products through the Sost Customs Dry Port for exclusive consumption in Gilgit-Baltistan.
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