Updated Federal Excise Act requires manufacturers to use tax stamps and digital tracking before goods enter the market
(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 waives surcharge, penalties on PIA sales tax and FED liabilities
Relief covers penalties on sales tax and federal excise duty dues while principal liabilities remain payable
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AGP flags FBR’s Rs534.5 million income tax shortfall on imported goods
Audit says incorrect tax collection at customs clearance caused Rs534.5 million revenue loss
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FBR scrutinises foreign income in Pakistan’s real estate investments
Tax authority launches examination of REIT management companies to verify foreign investment and strengthen compliance under exchange of information laws.
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FBR obtains financial transactions data from banks, EMIs
Banks and Electronic Money Institutions will electronically share high-value transaction data with the FBR under a new automated compliance and risk assessment framework.
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FBR introduces final tax on life insurance payouts to individuals
Finance Act, 2026 imposes withholding tax on certain life insurance and family takaful payments while exempting death, disability and long-term policy proceeds.
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Taxpayers seek refund of deemed income tax after court ruling
Uncertainty remains over refund claims after the Federal Constitutional Court struck down the deemed rental income tax and the Finance Act, 2026 repealed the provision.
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FBR exempts PIA from Rs4.29 billion in tax surcharges, penalties
Tax relief aims to support airline’s privatisation while preserving underlying income tax liabilities
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Finance Act 2026 defines authorised shipping agent for tax compliance
New legal definition places greater tax responsibilities on local representatives of non-resident shipping companies operating in Pakistan.
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Active taxpayers in Pakistan reach record 8.30 million after Finance Act 2026
Higher surcharges for late filers under the Finance Act, 2026 drive a record increase in the Federal Board of Revenue’s Active Taxpayers List.
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