Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has clarified the limitation period for tax assessment procedures under the Sales Tax Act, 1990, applicable for the tax year 2025-26.
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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 defines recovery process for unpaid sales tax in 2025-26
Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has formally detailed the procedure for recovering unpaid or short-paid sales tax during the upcoming tax year 2025-26.
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Pakistan’s duty-free imports surge around 16% in FY24
Islamabad, September 5, 2025 – Pakistan’s duty-free imports have surged by around 16% during fiscal year 2023-24, according to data released by the Federal Board of Revenue (FBR).
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Which business deductions are not allowed in 2025-26?
The Federal Board of Revenue (FBR) has clarified which deductions cannot be claimed against business income during the tax year 2025-26.
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FBR explains tax deductions for business income in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has issued detailed guidance regarding deductions allowed while computing tax on business income for the tax year 2025-26.
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FBR issues tax rates on telephone, internet usage in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has officially notified the advance tax rates applicable on the use of telephone and internet services during the tax year 2025-26.
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PCDMA criticizes FBR over premature e-invoicing rollout
Karachi, September 2, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed strong disapproval over what it calls a premature and poorly planned rollout of the Federal Board of Revenue’s (FBR) electronic invoicing system.
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2025 tax return filing must for business income over Rs350,000
Karachi, September 2, 2025 – The Federal Board of Revenue (FBR) has made it clear that return filing for the tax year 2025 is mandatory for individuals whose annual income from business exceeds Rs350,000.
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FBR reorganizes customs post-clearance, internal audit framework
Karachi, September 1, 2025 – The Federal Board of Revenue (FBR) has announced a major reorganization of Pakistan’s post-clearance and internal audit mechanisms for Customs, aimed at strengthening compliance, increasing transparency, and integrating modern risk-based methodologies.
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Tax Treatment of Speculation Business for 2025-26
The Federal Board of Revenue (FBR) has issued updated guidelines for the taxation of speculation business in Pakistan for the tax year 2025-26.
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