Taxation
These 15 Major Sectors Lead Surge in Pakistan’s Sales Tax Revenue for FY 2024-25
Nearly 57.3 percent of Pakistan’s sales tax collection on domestic supplies in 2024-25 came from 15 major sectors, including electrical energy, POL products, sugar, cement and cotton yarn. Fresh data from the FBR shows that the net collection of Sales…
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Govt Weighs New Taxes to Fund Islamabad’s Jinnah Medical Complex
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The federal government is weighing the option of introducing new taxes in Islamabad to meet the operational costs of the upcoming Jinnah Medical Complex and…
Punjab Announces Electricity and Tax Relief for Flood-Affected Families
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Punjab Finance Minister Mujtaba Shuja-ur-Rehman has announced electricity bill and tax relief for flood-affected families, pledging that the provincial government will stand by them with…
FBR Launches Informational Campaign for Taxpayers
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The Federal Board of Revenue (FBR) has announced a new awareness campaign to help taxpayers with the process of filing income tax returns. Under this…
Pakistan Post Mail Suspension Hits US-Bound Deliveries After New Taxes
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Pakistan Post mail suspension to the United States has been confirmed after Washington introduced new taxes and duties on all categories of international shipments. Officials…
Repeat Offenders May Face FBR E-Invoicing Penalty of up to Rs3m
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The Federal Board of Revenue (FBR) has begun enforcing its e-invoicing penalty system from September 1, 2025, with fines starting at Rs500,000 for non-compliance. The…
FBR Revenue Shortfall Hits Rs42bn in First Two Months of FY26
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The Federal Board of Revenue (FBR) has reported a revenue shortfall of nearly Rs42 billion during the first two months of the current fiscal year,…
Govt Unveils Simplified Tax Form for Salaried Class
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Finance Minister Muhammad Aurangzeb has announced a simplified tax form for salaried class, cutting the number of required fields from 800 to just 40 in…
Islamabad Car Token Tax to Rise Following Cabinet Decision
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The Federal Cabinet has approved revisions to token tax rates for vehicles in Islamabad after a gap of six years. The decision is expected to…
FBR Ends QR Code Requirement for IRIS Login
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The Federal Board of Revenue (FBR) has officially suspended the requirement for taxpayers to log in to the IRIS login system using a QR code.…
FBR Rolls Out Simplified Electronic Tax Return Form
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The Federal Board of Revenue (FBR) has officially notified the simplified electronic tax return form for the tax year 2025, introducing an easier and more…
FBR Can Now Access Your Internet and Call Data
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The Federal Board of Revenue (FBR) now has the authority to access citizens’ internet use and phone call records during tax fraud probes. Internet service…
FBR Faces Pressure to Fix Income Tax Return System Ahead of 2025 Filing Deadline
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Taxpayers and experts are urging Pakistan’s Federal Board of Revenue (FBR) to urgently address serious issues with the Iris e-filing portal, ahead of the upcoming…
Govt Plans Gradual Cut in Super Tax for Manufacturing Sector
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The government is preparing to slash the super tax for the manufacturing sector as part of its new industrial policy, aiming to reduce the rate…
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