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.
-
REIT schemes secure Rs75 billion tax exemption in TY2024
Islamabad, September 11, 2025 – Real Estate Investment Trust (REIT) schemes in Pakistan availed a record Rs75.55 billion in income tax exemptions during the tax year 2024, according to the latest report issued by the Federal Board of Revenue (FBR).
Written by
-
FBR grants Rs17 billion tax exemption to EOBI income
Karachi, September 11, 2025 – The Federal Board of Revenue (FBR) has provided significant relief to the Employees Old Age Benefits Institution (EOBI) by granting a tax exemption worth Rs17 billion on its income for the tax year 2024.
Written by
-
No tax on agricultural income under Section 41 of Tax Ordinance
Islamabad, September 11, 2025 – Pakistan’s tax laws provide a clear exemption for earnings derived from agriculture, a major sector of the national economy. Section 41 of the Income Tax Ordinance, 2001, explicitly states that agricultural income is exempt from federal taxation, underscoring the government’s recognition of agriculture as a protected source of livelihood.
Written by
-
Unlocking other income sources in Pakistan’s tax framework
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has issued the latest version of the Income Tax Ordinance, 2001, reflecting amendments introduced through the Finance Act, 2025.
Written by
-
Six-year record retention must under sales tax laws
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has released the updated version of the Sales Tax Act, 1990, incorporating all amendments introduced through the Finance Act, 2025.
Written by
-
Govt collects sales tax as PDL on petroleum products: FBR
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has clarified reports suggesting that the government had granted a blanket sales tax exemption on petroleum products.
Written by
-
FBR finalizes framework for disposal of confiscated vehicles
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has finalized a new framework to address the handling and disposal of confiscated vehicles.
Written by
-
FBR showcases transformation plan to leading business forums
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) recently convened an important session with the Overseas Investors Chamber of Commerce and Industry (OICCI) and the Pakistan Business Council (PBC).
Written by
-
PM Shehbaz orders FBR to track down tax evaders
Islamabad, September 9, 2025 – Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to intensify efforts in identifying tax evaders by fully utilizing its workforce and, where necessary, engaging private-sector expertise.
Written by
-
Tax concession for scientific research in Pakistan in 2025-26
Islamabad, September 9, 2025 – The Federal Board of Revenue (FBR) has reaffirmed that tax concessions will continue to be available for scientific research in Pakistan for the tax year 2025–26.
Written by
