Karachi, March 20, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to extend the sales tax return filing deadline due to technical issues affecting taxpayers on the IRIS portal.
(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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IRIS Errors Disrupt Sales Tax Filing as Deadline Passes
Karachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal.
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RTO Hyderabad Seals Super Mart for Issuing Fake Invoices
Hyderabad, March 20, 2025 – The Regional Tax Office (RTO) Hyderabad has taken strict action against tax evasion by sealing a prominent supermarket for non-compliance with point of sale (POS) regulations. This decisive move underscores the authorities’ commitment to enforcing transparency and accountability in retail transactions across Hyderabad.
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Chief Commissioner Under Scrutiny as SHC Freezes Tax Order
Karachi, March 18, 2025 – The Sindh High Court (SHC) has suspended a sales tax suspension order while expressing concerns over the conduct of the Chief Commissioner of Inland Revenue, Karachi.
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FBR Enforces Strict Penalty on Karachi Customs Appraiser
Islamabad, March 19, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs officer of BS-17, ordering his compulsory retirement after he was found guilty of theft and unauthorized removal of seized goods.
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MTO Karachi Seals Hobnob Outlets for Sales Tax Fraud
Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
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Retailers Face Technical Glitches in FBR’s POS System
The Chainstore Association of Pakistan (CAP), the representative body of major retailers in the country, has raised serious concerns regarding the persistent technical and enforcement challenges faced by FBR-POS Integrated Tier-1 Retailers.
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FBR Deploys High-Tech Monitoring for Production Compliance
Islamabad, March 15, 2025 – The Federal Board of Revenue (FBR) has introduced stringent measures to enhance the monitoring of industrial production through advanced electronic surveillance. The latest amendments aim to bolster tax compliance and improve transparency in manufacturing activities across Pakistan.
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Will Pakistan Achieve Its FY25 Tax Collection Target?
The Federal Board of Revenue (FBR) is facing a significant shortfall in meeting its tax collection target for the fiscal year 2024-25.
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