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 confirms tax amnesty for ineligible persons
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has officially clarified that ineligible individuals may now benefit from a form of tax amnesty, allowing them to enter the documented economy without fear of questioning about the origins of their declared resources.
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Pakistan ends blanket income tax exemptions from FY26
Islamabad, August 3, 2025 – Pakistan has withdrawn blanket income tax exemptions to individuals and entities through Finance Act, 2025.
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FBR treats cash deposit as banking channel payment
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified that bank cash deposits made by buyers into the seller’s bank account will be treated as valid payments through the banking channel under the Income Tax Ordinance, 2001.
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Tax rebate for teachers discontinued from July 1, 2025: FBR
Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has officially announced the discontinuation of the 25% tax rebate for full-time teachers and researchers starting July 1, 2025.
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Non-ATL cash withdrawals to face 0.8% tax: FBR
Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has clarified that the advance tax on cash withdrawal from banks at the rate of 0.8% is applicable only to individuals not appearing on the Active Taxpayers List (ATL).
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Pension income now taxable from FY 2025-26: FBR
Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has announced that pension income will now be taxable under the new rules introduced in the Finance Act, 2025. These changes apply from the tax year 2025-26 and are explained in Income Tax Circular No. 1 of 2025-26, issued by the FBR.
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FBR explains new e-commerce tax framework
Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation of the new taxation framework introduced for the e-commerce sector under the Finance Act, 2025.
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FBR cracks down on misuse of powers by tax officials
Karachi, August 2, 2025 – The Federal Board of Revenue (FBR) has taken notice of growing concerns from the business community and has begun closely monitoring the conduct of tax officials, especially in cases where enforcement powers are being exercised.
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FBR creates panels for section 37A, 40B oversight
Islamabad, August 1, 2025 — The Federal Board of Revenue (FBR) has constituted two high-level committees to ensure accountability, fairness, and transparency in actions taken by tax officials under Section 37A and Section 40B of the Sales Tax Act, 1990.
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FBR transfers 232 IRS officers in BS-17 to BS-18
Islamabad, August 1, 2025 – The Federal Board of Revenue (FBR) on Friday announced a massive reshuffling of officers belonging to the Inland Revenue Service (IRS), transferring a total of 232 officers serving in BS-17 and BS-18.
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