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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What Are the Legal Modes of Serving Sales Tax Orders?
The Sales Tax Act, 1990 clearly explains how official notices, orders, or decisions related to sales tax should be legally delivered to individuals and businesses. According to the Federal Board of Revenue (FBR), these procedures, mentioned in Section 56 of the Act, will continue to apply during the tax year 2025–26.
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Withholding tax on electricity generates Rs146b for FBR in FY25
Islamabad, October 9, 2025 – The Federal Board of Revenue (FBR) has reported a significant rise in revenue from withholding tax on electricity, collecting Rs146 billion during fiscal year 2024–25.
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IR officers invoke provisions for sales tax arrears recovery
Islamabad, October 9, 2025 – Taxpayers across the country should brace for strict enforcement actions as the Inland Revenue (IR) officers of the Federal Board of Revenue (FBR) begin implementing provisions for the recovery of outstanding sales tax arrears under the Sales Tax Act, 1990.
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FBR moves to publicize civil servants’ asset declarations
Islamabad, October 8, 2025 — The Federal Board of Revenue (FBR) has proposed major changes to tax laws to make the asset declarations of civil servants publicly accessible, a step aimed at improving transparency and accountability.
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FBR digitizes all sales tax de-registration process
Islamabad, October 8, 2025 – The Federal Board of Revenue (FBR) has announced that all sales tax de-registration requests must now be processed exclusively through the computerized system, eliminating manual applications altogether.
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FBR reports 19% rise in tax collected from weddings
Karachi, October 8, 2025 — The Federal Board of Revenue (FBR) has announced a significant 19% increase in the collection of withholding tax on weddings during the fiscal year 2024–25, highlighting improved compliance and growing formalization in the event management sector.
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FBR explores new measures to boost FY26 tax collection
Islamabad, October 8, 2025 — The Federal Board of Revenue (FBR) is actively exploring various strategies to strengthen revenue collection and prevent a shortfall during the fiscal year 2025–26.
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Sales Tax Act Grants Suo Moto Powers to Commissioner IR
Islamabad, October 7, 2025 – The Federal Board of Revenue (FBR) has clarified that under the Sales Tax Act, 1990, the commissioner of Inland Revenue holds suo moto powers to call for and examine departmental records to ensure compliance and legality of decisions.
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RTO-II Karachi collects Rs17.32b from Sindh employees
Karachi, October 6, 2025 – The Federal Board of Revenue (FBR) has reported a strong performance in tax collection from salaried individuals, gathering Rs17.32 billion in income tax from employees of the Government of Sindh working in Karachi during the fiscal year 2024–25, according to data obtained by Pakistan Revenue.
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Pakistan grants Rs61b in tax exemptions under trade agreements
Karachi, October 6, 2025 – Pakistan has provided a substantial tax exemption of Rs61 billion during the tax year 2023–24 under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs), according to the Tax Expenditure Report 2025 issued by the Federal Board of Revenue (FBR).
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