Pakistan Revenue
Are you ready to discover how your salary will be taxed in the upcoming year? With the Federal Board of Revenue (FBR) updating the Income Tax Ordinance, 2001 for the tax year 2025-26, employees across Pakistan are seeking clarity on how their earnings will be classified, taxed, and possibly optimized.
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Islamabad, August 23, 2025 – The Federal Board of Revenue (FBR) has officially determined your income benchmark for the tax year 2025-26, marking a crucial step toward defining who pays what in Pakistan’s evolving tax landscape. And yes, it directly impacts your wallet!
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The National Assembly has officially passed the Finance Act 2025, marking a pivotal shift in Pakistan’s income tax regime with wide-ranging amendments that will reshape fiscal compliance and broaden the tax base.
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Karachi, June 30, 2025 – The Finance Act, 2025 has formally introduced a new definition of digitally delivered services within Pakistan’s income tax framework, marking a major step toward taxation of online and internet-based transactions.
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The Finance Bill 2025 proposes wide-ranging amendments to the Income Tax Ordinance, 2001, aimed at restructuring the tax regime for tax year 2026, starting from July 1, 2025.
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Concealment of income is a serious matter in the realm of tax law, and it can lead to severe consequences if proven for taxpayers.
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Tax experts at Tola Associates and Tola & Tola have raised concerns regarding numerous amendments introduced through the Tax Laws (Amendments) Bill, 2024. They argue that several provisions within the Bill conflict with fundamental constitutional rights, rendering them problematic from a legal and practical standpoint.
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Karachi, December 7, 2024 – The Federal Board of Revenue (FBR) has issued a detailed explanation of the tax treatment applicable to bonus shares issued by companies during the tax year 2025, as per Section 236Z of the Income Tax Ordinance, 2001.
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Karachi, December 6, 2024 – The Federal Board of Revenue (FBR) has announced updated advance tax rates on the purchase and transfer of immovable property for the tax year 2025. These updates, implemented under the Finance Act, 2024, have been incorporated into the Income Tax Ordinance, 2001, and specifically explained under Section 236K of the […]
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Karachi, December 5, 2024 – The Federal Board of Revenue (FBR) has updated advance income tax rates for retailers, distributors, dealers, and wholesalers applicable for the tax year 2025. These tax rates are governed by Sections 236G and 236H of the Income Tax Ordinance, 2001, and aim to enhance tax compliance and streamline revenue collection.
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