FBR
NA Finance Committee Backs 20pc Cut in Smartphone Taxes, Recommends Abolition of Regulatory Duty
The Federal Board of Revenue (FBR) Chairman Rashid Langrial on Saturday informed the National Assembly Standing Committee on Finance that taxes on mobile phones would…
Lawmakers Reject FBR Proposal To Access Bank Account Data
A parliamentary committee on Friday rejected a government proposal allowing the tax authority direct access to taxpayer bank account data within various scheduled national banks.…
FBR Offices to Remain Open on June 27-30 for End-of-Year Tax Collection
The Federal Board of Revenue has announced that all its field formations across the country will remain operational on June 27 and 28, 2026, despite…
NA Panel Approves Higher Surcharge for Late Tax Return Filing
The NA Standing Committee on Finance has approved a proposal to raise surcharges imposed on taxpayers who file their returns late, along with a separate…
FBR Reports Rs40 Million Tobacco Tax Theft To Senate Panel
The Federal Board of Revenue (FBR) reported an estimated annual tobacco tax theft of Rs40 million to a Senate sub-committee on Thursday during an official…
FBR Revises Customs Valuation, Making Imported Seamless Steel Pipes More Expensive
The Federal Board of Revenue (FBR) has revised the customs valuation mechanism for imported carbon steel seamless pipes, a move that is expected to increase…
How Overseas Pakistanis Can Avoid PTA/FBR Mobile Phone Taxes for 120 Days
Mobile connectivity often becomes a headache for overseas Pakistanis right after landing in the country. To solve this, the Pakistan Telecommunication Authority (PTA) offers a…
IMF Rejects Real Estate Tax Relief Package in Budget FY 2026‑27
The International Monetary Fund (IMF) has formally opposed the construction sector incentive package announced in the federal budget for the upcoming fiscal year 2026-27. The…
Senate Panel Approves Tax On Insurance Profits in Finance Bill
The Senate Standing Committee on Finance has approved proposals to impose a tax on profits earned from insurance policies, as part of the ongoing review…
FBR Bahawalpur Zone Recovers Rs530 Million in Record Enforcement Drive
The Federal Board of Revenue (FBR) Bahawalpur Zone has recovered over Rs530 million in taxes from Islamia University of Bahawalpur, setting a record single-entity recovery.…
YouTubers, TikTokers Excluded From IT Export Regime as FBR Enforces 5% Minimum Tax
Pakistan’s federal government has introduced a major tax change for digital creators and influencers. The new rule separates social media earnings from IT and software…
Banks Must Upload Account Data to FBR Hub Under FY27 Bill
The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions (EMI) to enable algorithmic cross-matching of…
Govt Raises Tax Penalties Fivefold Under Finance Bill FY27
The Finance Bill for FY2026-27 has sharply raised penalties for tax non-compliance, covering income tax, sales tax, and federal excise duty, giving the Federal Board…
