FBR
Meezan Bank Loses Supreme Tax Battle to Federal Board of Revenue
Meezan Bank’s legal battle to block the super tax came to an end on July 28 when the Islamabad High Court (IHC) dismissed its constitutional…
FBR Notifies Special Tax Procedure for Small Shopkeepers
The Federal Board of Revenue (FBR) has notified the Special Procedure for Small Shopkeepers for tax year 2026, allowing eligible retailers with annual turnover of…
FBR Uncovers Rs 2.38bn Petrol Smuggling Scandal at Bin Qasim Port
A private oil marketing company has been caught diverting more than 8,300 metric tons of imported petrol from a customs bonded warehouse, in a scandal…
New Finance Act Rule Forces Businesses to Get FBR-Verified Invoice Numbers
The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every transaction under the Federal Excise Act,…
FBR Announces Weekend-Long Blackout of Major Tax Services
The Federal Board of Revenue (FBR) will shut down several of its digital tax platforms for more than 52 hours as part of a scheduled…
FBR Announces Start of Income Tax Return Filing for Tax Year 2026
The Federal Board of Revenue (FBR) has announced that the filing of income tax returns for Tax Year 2026 will officially begin on July 27.…
FBR Revenue Surges to Rs329 Billion in Excise Duty and GST Receipts
The Federal Board of Revenue (FBR) collected Rs329 billion in Federal Excise Duty (FED) and General Sales Tax (GST) during fiscal year 2025-26, an increase…
FBR Imposes Excise Duty on E-Liquids Used in Vapes and E-Cigarettes
The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes under the scope of federal excise…
FTO Orders FBR to Fix IRIS Glitches Blocking Rs2.3 Million Tax Credit
The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of its own IRIS software as an…
SC Rejects FBR Bid to Impose 35 Percent Tax on Dividend Income
The Supreme Court has dismissed all appeals filed by the Federal Board of Revenue (FBR) seeking to impose a 35 percent corporate tax on dividend…
Aurangzeb Reviews Digital Overhaul of FBR Through Faceless Centre
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting to review the implementation roadmap and operational readiness of the Federal Board of…
FBR Import Blunders Cost Pakistan Rs. 356 Crore, Audit Reveals
Pakistan’s customs authorities incurred revenue losses exceeding Rs. 3.56 billion due to the incorrect classification and undervaluation of imported goods, according to a new audit…
Rs1.2 Million in Taxes: What It Costs to Buy a Rs20 Million Property
Property transaction costs on a Rs20 million property in Pakistan totaled Rs1,221,800 for the financial year 2026-27, according to a tax breakdown dated July 15,…
