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 limits income tax audit immunity to three years
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a significant policy shift, limiting the immunity from income tax audit to a period of three years, following amendments introduced in the Finance Act, 2025.
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FBR imposes 100% higher tax on bank profits for non-filers
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a major tax hike targeting non-filers, with a 100% increase in tax rates on profit earned from bank deposits, effective from tax year 2026 (July 1, 2025, to June 30, 2026).
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FBR integrates surplus employees from defunct departments
Islamabad, August 4, 2025 – In a major administrative move, the Federal Board of Revenue (FBR) has officially announced the absorption of a significant number of surplus employees who were previously part of now-defunct government departments.
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FBR quells uproar with clarification on 37A provision
Islamabad – August 4, 2025: Amid a wave of fury sweeping across Pakistan’s business community, the Federal Board of Revenue (FBR) has finally broken its silence on the much-feared Section 37A of the Sales Tax Act, 2025.
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FY25 CGT collection skyrockets 222% on stock market boom
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has recorded a massive 222% rise in the collection of Capital Gain Tax (CGT) on the sale of securities during the fiscal year 2024-25, reflecting a booming stock market and enhanced investor returns.
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FBR explains higher withholding tax rates on property sales
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified the recent changes made to withholding tax rates on the sale and purchase of immovable property under the Finance Act, 2025.
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FBR begins matching bank data of high-risk taxpayers
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has initiated a new system to cross-match the financial records of high-risk taxpayers with their declared income and wealth, using data provided by banks.
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FBR outlines conditions for tax exemption on property sale
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has outlined conditions for availing tax exemption of sale of immovable property.
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Withholding tax rate enhanced for sports persons to 15%
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has said that the withholding tax rate for sports persons has been enhanced to 15% from fiscal year 2025-26.
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Banks begin withholding tax on IPS account securities
Islamabad, August 3, 2025 – Banks across Pakistan have started collecting withholding tax on the sale of debt securities from Investor Portfolio Securities (IPS) accounts, following new changes introduced in the Finance Act, 2025.
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