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Tag: income tax return

Finance Act 2026

FBR waives late return surcharge for individuals filing special undertaking

July 1, 2026July 1, 2026Hamza Shahnawaz

Taxpayers can avoid surcharge by pledging not to acquire any property for six months

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PBC Proposals

CRA Announces Key Filing and Payment Deadlines for 2025 Taxes

November 8, 2025November 8, 2025Shahnawaz Akhter

The Canada Revenue Agency (CRA) has officially released the key filing and payment deadlines for the 2025 tax year, helping Canadians prepare ahead for the upcoming tax season.

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FBR launches IRIS 2.0

Legality of filing deadline: LTBA slams FBR for “unlawful” refusal to extend date

November 3, 2025November 3, 2025Shahnawaz Akhter

Lahore, November 3, 2025 – In a fiery resolution passed on Monday, the Lahore Tax Bar Association (LTBA) blasted the Federal Board of Revenue (FBR) for what it called an “unprofessional, arbitrary, and legally questionable” refusal to extend the income tax return filing deadline for Tax Year 2025.

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Income Tax Return FBR

FBR shuts down 2025 return filing with huge deficit despite record compliance

October 31, 2025October 31, 2025Shahnawaz Akhter

Islamabad, October 31, 2025 – The Federal Board of Revenue (FBR) officially closed the 2025 income tax return filing process on Friday, refusing to extend the deadline beyond October 31 despite a significant shortfall from active taxpayer numbers.

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Income Tax Return FBR

Third extension looms: FBR faces uproar over return filing chaos

October 31, 2025October 31, 2025Shahnawaz Akhter

Karachi, October 31, 2025 – Mounting pressure from tax professionals and widespread outrage over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing system, IRIS, have fueled strong speculation that the government may soon announce a third extension in the income tax return filing deadline for Tax Year 2025.

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Tax Return Filing

LTBA Urges PM Shehbaz for Tax Return Extension to Nov 30

October 28, 2025October 28, 2025Shahnawaz Akhter

Lahore, October 28, 2025 – Mounting frustration over persistent technical glitches in the Federal Board of Revenue’s (FBR) IRIS portal has pushed the Lahore Tax Bar Association (LTBA) to take an unprecedented step — appealing directly to Prime Minister Muhammad Shehbaz Sharif for intervention.

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Income Tax Return FBR

FBR’s 2025 Tax Return Shock Stuns Taxpayers Nationwide

October 28, 2025October 28, 2025Shahnawaz Akhter

Karachi, October 28, 2025 – In a dramatic last-minute twist, the Federal Board of Revenue (FBR) has rolled out yet another modification to the income tax return form for tax year 2025, catching taxpayers and tax consultants completely off guard — just three days before the extended filing deadline.

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Tax Return Filing

2025 Return Filing Deadline Extension: What Taxpayers Need to Know

October 15, 2025October 15, 2025Shahnawaz Akhter

As only a few hours remain before the expiry of the deadline for filing income tax returns for the tax year 2025, many taxpayers in Pakistan are rushing to complete the process.

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Income Tax Return FBR

FBR further extends 2025 return filing deadline?

October 15, 2025October 15, 2025Shahnawaz Akhter

Karachi, October 15, 2025 – As the clock ticks down on the final day of Pakistan’s 2025 income tax return filing deadline, speculation is mounting over whether the Federal Board of Revenue (FBR) will announce another extension.

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Tax Return Filing

PCDMA seeks 2025 return filing extension to Nov 30

October 14, 2025October 14, 2025Shahnawaz Akhter

Karachi, October 14, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to extend the income tax return filing deadline from October 15 to November 30, 2025.

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  • FBR waives late return surcharge for individuals filing special undertaking July 1, 2026
  • Finance Act 2026 cracks down on fake tax credit claims with 100% penalty July 1, 2026
  • SBP to share high-risk banking data with FBR July 1, 2026
  • Finance Act, 2026 empowers FBR with direct access to high-value bank account data July 1, 2026
  • FBR imposes additional 30% regulatory duty on commercial imports of used vehicles July 1, 2026

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  • FBR waives late return surcharge for individuals filing special undertaking
  • Finance Act 2026 cracks down on fake tax credit claims with 100% penalty
  • SBP to share high-risk banking data with FBR
  • Finance Act, 2026 empowers FBR with direct access to high-value bank account data
  • FBR imposes additional 30% regulatory duty on commercial imports of used vehicles
  • FBR notifies revised regulatory duty rates for FY2026-27 imports
  • FBR notifies new additional customs duty rates for FY2026-27 imports
  • FBR notifies procedure for collection of special excise duty on imported goods
  • FBR achieves historic Rs13 trillion annual tax collection milestone in FY2025-26
  • MTO Karachi posts record Rs42.21bn tax collection in June 2026
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