The federal government has triggered serious concerns across the business and legal communities by granting sweeping, extraordinary powers to the Federal Board of Revenue (FBR) through the Tax Laws Amendment Ordinance, 2025—bypassing parliamentary debate just weeks ahead of the federal budget.
(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 begins swift tax recovery from bank accounts under new law
Islamabad, May 4, 2025 – The Federal Board of Revenue (FBR) has officially begun immediate recovery of outstanding taxes directly from taxpayers’ bank accounts, following the promulgation of the Tax Laws (Amendment) Ordinance, 2025.
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RTO – I Karachi sets up WhatsApp helpline to fight corruption
Karachi, May 3, 2025 — The Regional Tax Office (RTO)-I Karachi has taken a new step to fight corruption by launching a dedicated WhatsApp number for public complaints against tax officers and staff.
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Non-filers lose access to property market in Pakistan
Islamabad, May 3, 2025 – In a major crackdown on tax evasion, the federal government is preparing to enforce a complete ban on property transactions by non-filers of income tax returns.
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Finance Bill 2025 to enforce strict restrictions on non-filers
Islamabad, May 1, 2025 – The Government of Pakistan is gearing up to introduce strict restrictions on financial and economic activities of non-filers starting from the new fiscal year 2025–26.
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Tax collection shortfall crosses Rs800 billion in 10MFY25
Islamabad, May 1, 2025 – Pakistan’s tax collection performance continues to struggle as the Federal Board of Revenue (FBR) faces a widening shortfall that has now exceeded Rs800 billion during the first 10 months (July to April) of the current fiscal year (FY2024-25).
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FBR plans major tax relief for salaried class in budget 2025-26
Islamabad, May 1, 2025 – The Federal Board of Revenue (FBR) is working on a plan to provide significant tax relief to the salaried class in the upcoming federal budget for 2025-26.
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FBR delays electronic tax system integration for one month
Islamabad, April 30, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for the electronic integration of taxpayers, providing businesses more time to comply with the new invoicing regulations.
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SBP questions FBR performance as sales tax ATL shrinks
Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has expressed concern over the performance of the Federal Board of Revenue (FBR), particularly in relation to the declining number of sales tax filers on the Active Taxpayers List (ATL).
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FBR sets cement sales tax value based on SPI data
Islamabad, April 29, 2025 – In a major policy development, the Federal Board of Revenue (FBR) has officially announced a new method for determining the value of cement for the purpose of sales tax calculation, aligning it with the Sensitive Price Indicator (SPI) data issued by the Pakistan Bureau of Statistics (PBS).
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