Karachi, April 25, 2025 – The Federal Board of Revenue (FBR) has issued fresh customs valuation for Apple iPhones for determination of duty and taxes.
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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 sees 28% drop in tax revenue from cash withdrawals
Karachi, April 25, 2025 – The Federal Board of Revenue (FBR) has reported a notable 28% decrease in tax collection from cash withdrawals during the month of March 2025, highlighting a major shift in the behavior of banking customers.
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March 2025 tax collection from bank deposits plunges 54%
KARACHI, April 24, 2025 — The Federal Board of Revenue (FBR) has experienced a sharp decline in income tax collection from profits on bank deposits in March 2025, with receipts plunging by 54% compared to the same month last year.
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FBR sets strict deadlines for electronic invoice integration
Islamabad, April 23, 2025 — The Federal Board of Revenue (FBR) has issued fresh directives mandating registered taxpayers to integrate their invoicing systems electronically in accordance with the country’s push toward greater tax digitization and compliance.
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FBR virtually halts new sales tax registration: KTBA
Karachi, April 23, 2025 — The Karachi Tax Bar Association (KTBA) has raised serious concerns over the abrupt cessation of new sales tax registration by the Federal Board of Revenue (FBR), calling the move disruptive and counterproductive to business compliance and economic activity.
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FBR mulls tax on YouTube, social media earnings in FY26 budget
Karachi, April 23, 2025 – The Federal Board of Revenue (FBR) is actively considering the introduction of a new tax regime targeting income generated through digital platforms such as YouTube and other social media channels.
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Understanding taxpayers’ rights when FBR impounds records
The relationship between the Federal Board of Revenue (FBR) and the taxpayer should be grounded in fairness, accountability, and transparency. While the FBR has the legal authority to impound records during audits or investigations, it is equally important to highlight and protect the rights of taxpayers during this process. Often, individuals and businesses feel powerless when their accounts, documents, or digital data are seized. However, the law provides clear safeguards to ensure that taxpayers’ rights are respected.
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Taxpayers Declared Inactive Despite Deadline Extension: KCCI
Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the Federal Board of Revenue (FBR) for declaring numerous taxpayers inactive, even after officially extending the deadline for filing sales tax returns for February and March 2025.
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FBR Grants Rs 127 Billion Customs Duty Exemption to Exports
Karachi, April 20, 2025 – In a major move to stimulate the country’s export sector, the Federal Board of Revenue (FBR) has granted a massive exemption of Rs 127 billion in customs duty under various export facilitation schemes.
According to the FBR’s latest Tax Expenditure Report 2024, the exemptions were primarily extended to support a range of exports-oriented activities. These exemptions were issued under multiple statutory regulatory orders (SROs) and targeted different sectors involved in the promotion and facilitation of exports.
Breakdown of the exemption includes Rs 34.46 billion granted under SRO 327(I)/2008 for Export Oriented Units, and Rs 23.48 billion under SRO 450(I)/2001 for operations in Export Processing Zones (EPZ). Additionally, Rs 23.21 billion worth of exemption was provided under the Export Facilitation Scheme, aiming to streamline and accelerate the exports process for approved businesses.
Another significant share of the exemption, amounting to Rs 20.44 billion, was offered under the Manufacturing Bond scheme, while the Duty and Tax Remission for Exports (DTRE) regime accounted for Rs 7.13 billion. Temporary import provisions under various SROs contributed over Rs 18 billion in exemptions, facilitating the import of machinery, equipment, and packaging material strictly for exports.
The FBR stated that these measures are designed to reduce the cost of doing business for exporters, enhance global competitiveness, and encourage value-added exports. The revenue authority also highlighted the importance of facilitating sectors that are aligned with the country’s broader economic goals, including job creation and foreign exchange earnings.
This substantial exemption is part of the government’s broader policy to boost industrial growth by providing relief on raw materials and intermediate goods used in manufacturing for exports. While the FBR is under pressure to meet revenue targets, it maintains that such strategic exemptions are necessary to achieve long-term economic stability and trade expansion.
The FBR will continue monitoring the impact of these incentives and may revise policies to ensure maximum benefit for the national economy and the export sector.
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FBR Extends February, March Sales Tax Return Filing Deadline
Islamabad, April 18, 2025 – In a move to ease the pressure on taxpayers, the Federal Board of Revenue (FBR) has announced an extension of the deadline for filing monthly sales tax and federal excise returns for the periods of February and March 2025.
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