Petroleum products, imported vehicles and electrical machinery are expected to remain the largest contributors to customs duty revenue.
(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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FBR revises sales tax collection mechanism for steel industry
Finance Act 2026 links sales tax collection to electricity consumption and offers lower rates for digitally compliant steel manufacturers.
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Finance Act 2026 allows FBR to use PBS data for sales tax valuation
Tax authority empowered to adopt Pakistan Bureau of Statistics valuations and outsource goods valuation to strengthen sales tax compliance.
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Finance Act 2026 redefines Tier-1 retailer under sales tax law
Revised definition expands the scope of retailers subject to enhanced sales tax compliance and documentation requirements.
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FBR removes IRS officer over prolonged unauthorised absence
Female Inland Revenue Service officer dismissed after failing to resume duty following the expiry of approved study leave in the United Kingdom.
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FBR enforces Customs Marine Bunkering Rules 2026 at major ports
New regulations introduce digital processing, stricter customs oversight and uniform standards for marine fuel supply at Karachi, Port Qasim and Gwadar.
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FBR notifies overstayed cargo management rules from August 31
New automated customs framework introduces digital penalties, adjudication and appeals for overstayed imported cargo at Pakistan’s seaports.
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FBR failed to recover Rs3.1 Billion tax on salary income: AGP
Audit says weak monitoring of withholding agents led to under-deduction of income tax from employees’ salaries
ISLAMABAD: The Federal Board of Revenue (FBR) failed to recover Rs3.116 billion in income tax on salary payments due to incorrect tax deductions by employers, according to the latest audit report of the Auditor General of Pakistan (AGP).
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FBR notifies 1% minimum value addition tax for imported coal
Concessionary tax rate will apply to coal imported exclusively for direct supply to NEPRA-licensed coal-fired Independent Power Producers.
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Pakistan’s tax expenditure below global average, FBR reports
Tax Expenditure Report 2026 estimates Pakistan’s tax expenditure at 2.07% of GDP, well below the global average of 4.9%.
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