Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
(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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No Tax Amnesty for Property Transactions: FBR Chairman
Islamabad, February 16, 2025 – Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has categorically denied any plans to introduce a tax amnesty scheme for property transactions.
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FBR Reports 53% Surge in Salary Tax Collection During 7MFY25
Islamabad, February 16, 2025 – The Federal Board of Revenue (FBR) has reported a significant 53% surge in tax collection from the salaried class during the first seven months (July–January) of the fiscal year 2024-25.
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Power of Customs Officer to Call for Documents
Karachi, February 16, 2025 – The Federal Board of Revenue (FBR) has granted customs officers the authority to request documents from importers or exporters concerning consignment clearance.
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ICMA Pakistan Presents FBR Tax Reform Proposals
Karachi, February 15, 2025 – The Institute of Cost and Management Accountants (ICMA) Pakistan has submitted a comprehensive set of proposals to the Federal Board of Revenue (FBR), aiming to optimize revenue generation and support sustainable economic growth.
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What Are Dutiable Goods? FBR Explains
Karachi, February 14, 2025 – The Federal Board of Revenue (FBR) has provided clarification regarding dutiable goods, specifying the categories of goods on which customs authorities are mandated to collect duties and taxes upon importation.
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Tax Policy Office Established, FBR Focuses on Revenue Collection
Islamabad, February 14, 2025 – The Finance Ministry has issued a notification announcing the establishment of a dedicated Tax Policy Office, leaving the Federal Board of Revenue (FBR) to focus exclusively on revenue collection.
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FBR Seals Sugar Mill in Sindh Over Tax Fraud
Islamabad, February 14, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against tax fraud by sealing a prominent sugar mill in interior of Sindh, following allegations of large-scale tax evasion and manipulation of the track and trace system, sources reported on Friday.
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FBR Notifies Prohibited Goods for Foreign Trade
Karachi, February 13, 2025 – The Federal Board of Revenue (FBR) has officially issued a notification detailing the list of prohibited goods for foreign trade for the tax year 2025.
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FBR Updates Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
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