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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Understanding alternative corporate tax in Pakistan for tax year 2026
Corporate taxation in Pakistan can be complex, and businesses need to stay informed to comply effectively. One important provision that companies should be aware of for tax year 2026 is the Alternative Corporate Tax (ACT), governed under Section 113C of the Income Tax Ordinance, 2001.
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Where will minimum tax apply in Pakistan for tax year 2026? What you should know
As Pakistan enters Tax Year 2026, businesses and high-turnover individuals must once again evaluate whether minimum tax under Section 113 applies to them. Even if your business reports losses or enjoys exemptions, minimum tax may still be payable. Here’s a simple, interactive breakdown to help you understand when and how it applies.
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FBR imposes compulsory retirement on Customs official for false examination
Karachi, December 16, 2025 — The Federal Board of Revenue (FBR) has imposed a major penalty on a customs official for professional negligence and submission of a false examination report, resulting in potential loss to the government exchequer.
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FBR defers Islamabad property valuation tables until January 31
Islamabad, December 16, 2025 — The Federal Board of Revenue (FBR) on Tuesday announced the deferment of newly notified valuation tables for immovable properties in Islamabad until January 31, 2026, or until the issuance of a revised Statutory Regulatory Order (SRO), whichever comes earlier.
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Traders plan protest over Islamabad property valuation hike
Islamabad, December 16, 2025 – Traders in the federal capital have rejected the Federal Board of Revenue’s (FBR) recent increase in property valuation rates, warning of a protest and sit-in outside FBR House on December 22 if the controversial notification is not withdrawn.
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FBR invites customs-related proposals for Budget 2026-27
Islamabad, December 15, 2025 – The Federal Board of Revenue (FBR) has officially invited customs-related proposals from stakeholders for the upcoming federal budget 2026-27.
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FBR establishes digital enforcement stations under World Bank-funded revenue project
Islamabad, December 15, 2025 — The Federal Board of Revenue (FBR) has initiated the establishment of Digital Enforcement Stations (DES) at key locations across Pakistan as part of the World Bank-financed Pakistan Raises Revenue Project (PRRP).
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How Many Taxpayers Netted? IMF Asks FBR for Monthly Tax Net Report
Islamabad, December 14, 2025 — The International Monetary Fund (IMF) has directed Pakistan’s Federal Board of Revenue (FBR) to submit detailed monthly reports on new taxpayers added to the tax net, strengthening oversight under the ongoing IMF-supported economic program.
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What Will FBR Do With Hidden Income in Tax Year 2026? You Should Know
If you have concealed income, underreported earnings, or forgotten to declare certain assets, Tax Year 2026 could bring serious consequences. The Federal Board of Revenue (FBR) has tightened enforcement under the updated Income Tax Ordinance, 2001, keeping Section 111 (Unexplained Income or Assets) fully applicable.
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FBR Approves Tax Credit for Video Analytics Installation in Textile Spinning Units
The Federal Board of Revenue (FBR) has announced a new tax credit facility for textile spinning units to offset expenses incurred on the installation of video analytics systems, aimed at reducing costs for the sector while ensuring electronic monitoring of production.
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