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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Tax exemption to electricity companies surge 173%: FBR
Karachi, September 14, 2025 – The Federal Board of Revenue (FBR) has reported a massive surge in tax benefits provided to the electricity generation sector.
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Income Tax Credits Surge to Rs78 Billion: FBR
The Federal Board of Revenue (FBR) has reported a significant jump in income tax credits, which surged to Rs78 billion in tax year 2024 compared to Rs24 billion in the preceding year.
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Avail Sales Tax Return Filing Extension on These Grounds
Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has clarified the rules for taxpayers who need extra time to file their sales tax return. Through the updated Sales Tax Act, 1990, as amended by the Finance Act 2025, Section 26AB outlines how a registered person may apply for an extension in filing…
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Who Must File Sales Tax Return in 2025-26?
Islamabad, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced important amendments to Section 26 of the Sales Tax Act, 1990, clarifying who must file a sales tax return during the tax year 2025-26.
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What is method of accounting in tax year 2025-26?
Karachi, September 13, 2025 – The Federal Board of Revenue (FBR), through the updated Income Tax Ordinance, 2001, has provided a detailed explanation of the method of accounting that taxpayers must follow for the tax year 2025-26.
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FBR limits deduction for consumer loans in 2025-26
Karachi, September 13, 2025 – The Federal Board of Revenue (FBR) has introduced new restrictions on deductions related to consumer loans, a move aimed at strengthening oversight of lending practices in the financial sector.
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FBR sets conditions for deductions for bad debts
Karachi, September 13, 2025 – The Federal Board of Revenue (FBR) has once again tightened its grip on tax compliance by issuing clear rules regarding deductions for bad debts during the tax year 2025-26.
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Pakistan grants tax exemption to judiciary of superior courts
Karachi, September 13, 2025 – Pakistan’s apex tax agency, the Federal Board of Revenue (FBR) has formally granted income tax exemption to judges of the superior judiciary for the tax year 2025–26.
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FBR to launch flagship cargo tracking system to curb smuggling
Karachi, September 12, 2025 – The Federal Board of Revenue (FBR) has accelerated efforts to roll out its flagship Cargo Tracking System (CTS), a digital initiative aimed at boosting revenue, curbing smuggling, and improving trade documentation.
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FBR faces backlash over return filing chaos
Lahore, September 12, 2025 – The Federal Board of Revenue (FBR) has landed in hot water after a wave of criticism erupted over persistent glitches in the return filing system.
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