Many taxpayers believe that ignoring an email from the Federal Board of Revenue (FBR) means they haven’t received a notice. Legally, this is not the case. The FBR is empowered to serve notices electronically, and emails sent to a taxpayer’s registered electronic address are considered valid under tax law.
(more…)Tag: Income Tax Rules 2002
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FBR Scripts Your Cash Withdrawal for Tax Investigation
With Pakistan’s tax authorities stepping up efforts to broaden the tax base, your cash withdrawals from banks are now under closer scrutiny. The Federal Board of Revenue (FBR) tracks significant cash withdrawals to ensure tax compliance, and banks are required to report details of large transactions.
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How Much Credit Card Payment Triggers FBR Scrutiny? You Must Know
The Federal Board of Revenue (FBR) is keeping a close eye on credit card transactions as part of its initiative to broaden Pakistan’s tax base. Citizens using credit cards should be aware that certain payment thresholds trigger mandatory reporting by banks to the FBR.
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FBR introduces format for bank deposit reporting: What account holders should know
The Federal Board of Revenue (FBR) has issued a format for banks to provide account holders’ deposit details. Citizens with significant deposits should be prepared for scrutiny as part of the government’s effort to enhance tax compliance.
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How long must you stay to be a tax resident in Pakistan?
Islamabad, February 17, 2026 – Determining tax residency in Pakistan hinges on the duration of stay, as outlined in Rule 14 of the Income Tax Rules, 2002 (amended up to November 24, 2023). Understanding this rule is crucial for individuals to comply with the Income Tax Ordinance, 2001.
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Why Displaying NTN Certificate Is Important in Pakistan
Displaying the National Tax Number (NTN) certificate is not just a legal requirement in Pakistan, but a key step toward ensuring tax compliance, business credibility, and financial transparency. According to Rule 83 of the Income Tax Rules, 2002, updated on November 24, 2023, all persons deriving income from business are legally required to display their NTN certificate at their place of business.
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How to Apply to FBR for Approval of a Gratuity Fund – Step-by-Step Guide
Employers in Pakistan who establish a gratuity fund for their employees must obtain formal approval from the Federal Board of Revenue (FBR) to ensure tax recognition and compliance. The procedure and documentation requirements are clearly outlined in Rule 115 of the Income Tax Rules, 2002 (amended up to November 24, 2023).
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Can FBR officials break into a building for tax recovery?
Many taxpayers often ask whether officials of the Federal Board of Revenue (FBR) are legally allowed to break into a building during tax recovery proceedings. The answer lies in Rule 148 of the Income Tax Rules, 2002 (amended up to November 24, 2026), which clearly defines the scope and conditions of such authority.
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Can FBR Commissioner Issue a Warrant of Arrest for a Tax Defaulter?
Yes — a Commissioner Inland Revenue of the Federal Board of Revenue (FBR) is legally empowered to issue a warrant of arrest against a tax defaulter under Rule 183 of the Income Tax Rules, 2002, as amended up to November 24, 2023.
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How FBR Will Value Undisclosed Immovable Property in Pakistan
If you have concealed immovable property that is later detected by the Federal Board of Revenue (FBR), the tax authorities are legally empowered to determine its value under the Income Tax Rules, 2002, as amended up to November 24, 2023.
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