Taxation
FBR Targets Social Media Influencers Over Luxury Lifestyles
Pakistan’s tax authorities have intensified scrutiny of high-profile individuals who publicly display lavish lifestyles on social media, with the Federal Board of Revenue’s Lifestyle Monitoring Unit flagging several cases involving luxury vehicles worth hundreds of millions of rupees. According to…
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Apple Urges India to Revise Tax Law on iPhone Equipment
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Apple is urging the Indian government to revise its income tax law to prevent the company from being taxed for owning high-end iPhone manufacturing equipment…
Saudi Arabia to Introduce Sugar-Based Taxation System in 2026
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Saudi Arabia is set to roll out a new sugar-based taxation system for sweetened beverages starting January 2026, replacing the existing flat-rate excise model. According…
Punjab Revenue Authority’s Tax Collection Jumps 28pc Year-on-Year
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The Punjab Revenue Authority’s (PRA) tax collection jumped 28 percent year-on-year in the first quarter of fiscal year 2025–26, reaching Rs66.41 billion. The increase comes…
IMF Agrees to Revise Pakistan’s Tax Collection Target for FY2025
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The International Monetary Fund (IMF) has agreed in principle to reduce Pakistan’s tax collection target for the ongoing fiscal year by Rs160 billion. Under the…
Pakistan Business Council Urges FBR to Fix Tax Credit Error in IRIS System for Tax Year 2025
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The Pakistan Business Council (PBC) has raised concerns over a major technical error in the Federal Board of Revenue’s (FBR) IRIS system, which has affected…
Foreign Investors Urges FBR to Clear Rs96.6bn in Pending Tax Refunds
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The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Federal Board of Revenue (FBR) to expedite the settlement of long-pending tax refund…
Sindh Extends Agricultural Income Tax Return Deadline
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The Sindh Revenue Board (SRB) has extended the Agricultural Income Tax return filing deadline to October 31, following the approval of the provincial government. The…
FBR Officials Face Probe After Maladministration Case Referred by FTO
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The Federal Board of Revenue is facing an internal probe after the Federal Tax Ombudsman (FTO) referred a maladministration case involving senior tax officials to…
FBR Busts Rs384m Scam Involving PlayStations and Macs
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The Federal Board of Revenue (FBR) has exposed a Rs384 million duty and tax evasion scam at Karachi Airport, seizing high-value electronics, including PlayStations and…
FBR Reports Major Tax Deficit in First Quarter of FY2025-26
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The Federal Board of Revenue faced a sharp setback in the first quarter of fiscal year 2025-26. Official data shows the FBR collected Rs. 2,885…
FBR Flags 14,000 Jewelers for Not Filing Tax Returns
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The Federal Board of Revenue (FBR) has flagged more than 14,000 jewelers for failing to file income tax returns, while thousands of others either declared…
FBR Clarifies No Change in Income Tax Return Form 2025
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It has been observed that certain elements are spreading misleading information on various social media groups regarding the Income Tax returns for tax year 2025.…
