Tag: Federal Board of Revenue

Are you an investor in debt securities earning capital gains? The Federal Board of Revenue (FBR) mandates tax deduction at source (TDS) under Section 151A of the Income Tax Ordinance, 2001. Understanding these rules ensures compliance and helps you avoid penalties for tax year 2026.

Are you earning profit from bank deposits, National Savings Certificates, or government bonds? Then it’s important to understand how tax is deducted at source (TDS) on these earnings. The Federal Board of Revenue (FBR) explains the rules under Section 151 of the Income Tax Ordinance, 2001 for tax year 2026.

Islamabad, December 24, 2025 — The Federal Board of Revenue (FBR) has introduced amendments to the reward framework for Inland Revenue officials, aiming to update and rationalize incentives for meritorious and high-performing employees.

Islamabad, December 24, 2025 – The Federal Board of Revenue (FBR) has issued a notification introducing a special procedure for customs clearance of imported goods at the Sost Dry Port, aiming to streamline trade and facilitate businesses operating in the Gilgit-Baltistan (GB) region.

Islamabad, December 24, 2025 – The Federal Board of Revenue (FBR) has announced that its field offices will operate with extended working hours to facilitate taxpayers in meeting their duty and tax obligations before the year-end deadlines.

Islamabad, December 24, 2025 — The Federal Board of Revenue (FBR) has launched a nationwide campaign to verify the actual incomes of hospitals and doctors by scrutinising patients’ health bills, as part of its broader effort to curb tax evasion and improve transparency in income reporting.

Are you a salaried person and often wonder why income tax is deducted from your salary before it reaches your bank account? This system is known as tax deduction at source, and it is governed by Section 149 of the Income Tax Ordinance, 2001.

Importers bringing goods into Pakistan must understand Section 148 of the Income Tax Ordinance, 2001, which governs advance income tax at the import stage. This tax is collected by Customs at the time of clearance and can significantly affect cash flow and compliance for importers.

If you are a provincial sales tax (PST) registered person, it’s essential to know your obligations under Section 147A of the Income Tax Ordinance, 2001. For tax year 2026, the Federal Board of Revenue (FBR) has made it mandatory for PST-registered businesses to pay advance income tax, ensuring proper compliance and preventing penalties.

If you are living in Pakistan but have been assessed to tax in Azad Jammu & Kashmir (AJK) or Gilgit-Baltistan (GB), it is important to know that the Federal Board of Revenue (FBR) can initiate tax recovery proceedings against you. This ensures tax compliance across regions, even when local authorities cannot recover dues directly.