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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IRSOA welcomes appointment of Zubair Bilal as Member IR Operations
Islamabad, December 4, 2025 – The Inland Revenue Service Officers Association (IRSOA) has warmly welcomed the Federal Board of Revenue’s (FBR) decision to elevate senior Inland Revenue officer Zubair Bilal to the position of Member IR Operations.
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FBR Outsources Media and Public Relations Affairs
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has launched a process to outsource its media management and public relations functions as part of its ongoing efforts to strengthen communication and public engagement. The initiative aims to enhance the agency’s visibility and highlight key reforms under the FBR Transformation Plan.
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FBR Appoints Zubair Bilal as New Member Inland Revenue Operations
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has announced a major administrative reshuffle, appointing senior Inland Revenue Service (IRS) officer Zubair Bilal (BS-21) as Member Inland Revenue (IR) Operations with immediate effect.
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FBR notifies fresh customs values for polyester yarn imports
Islamabad, December 2, 2025 – The Federal Board of Revenue (FBR) has issued fresh customs values for polyester partially oriented yarn to determine duty and taxes at the import stage. The move comes under Valuation Ruling No. 2026/2025, issued by the Directorate General of Customs Valuations, a wing of the FBR.
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What Is the Meaning of “Person” Under the Income Tax Ordinance, 2001?
Understanding who is considered a “person” under Pakistan’s Income Tax Ordinance, 2001 is crucial for taxpayers, businesses, and legal entities. Section 80 of the Ordinance provides a detailed definition, covering everyone from individuals to companies and even governments. Below is an interactive breakdown to help you easily identify where you or your organization fit.
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FBR reduces penalty on senior auditor in Rs238bn tax fraud investigation
Islamabad, December 1, 2025 – The Federal Board of Revenue (FBR) has reversed a major disciplinary action against a senior auditor implicated in a Rs238.42 billion tax fraud case, downgrading the penalty from dismissal to a minor sanction of withholding promotion for three years.
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FBR issues new customs procedure for concessionary imports to tribal areas
Islamabad, December 1, 2025 – The Federal Board of Revenue (FBR) has issued Customs General Order (CGO) No. 08/2025 to ensure the safe and secure transportation of plant, machinery, equipment, and industrial inputs destined for industrial units in the tribal areas (erstwhile FATA/PATA) that benefit from concessionary sales tax rates under entry 89 of the…
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FBR Shake-Up: Ateeq Sarwar Takes Additional Charge as Key Member (IR-Operations)
Islamabad, December 1, 2025 – The Federal Board of Revenue (FBR) has announced significant administrative changes and assigned additional charges to numerous senior Inland Revenue Service (IRS) officers, signaling a renewed focus on tax collection and enforcement. The most prominent change sees Dr. Hamid Ateeq Sarwar given the highly critical responsibility of Member (IR-Operations), FBR.
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FBR to set asset costs for tax year 2026 under Income Tax Ordinance
Karachi, December 1, 2025 – The Federal Board of Revenue (FBR) has announced that it will determine the cost of assets for tax purposes during the tax year 2026, in accordance with the Income Tax Ordinance, 2001. This move is aimed at providing clarity for taxpayers and businesses regarding asset valuation for taxation.
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I&I IR Peshawar seizes illicit cigarettes, seals Indus Tobacco
Islamabad, November 30, 2025 – In a major enforcement operation, the Intelligence and Investigation (I&I) wing of Inland Revenue (IR) Peshawar has recovered a large consignment of illicit cigarettes and sealed the manufacturing machinery of M/s Indus Tobacco Company, continuing the Federal Board of Revenue’s (FBR) nationwide crackdown on non-duty-paid (NDP) tobacco products.
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