FBR
Govt Plans New Fixed Tax Scheme for Retailers in Budget 2026-27
The government is preparing to introduce a new fixed tax scheme for retailers in the upcoming federal budget as part of broader efforts to expand…
FBR Launches Sweeping Tax Reform Drive Ahead of 2026–27 Budget
FBR has launched a sweeping tax reform programme, introducing digital invoicing mandates, expanded production tracking, and a new trader tax scheme ahead of Budget 2026–27…
IMF Expresses Dissatisfaction With FBR Over Growing Tax Shortfall
The International Monetary Fund (IMF) has expressed dissatisfaction with the performance of the Federal Board of Revenue (FBR) and stressed the urgent need to expand…
Govt Plans Tax Exemption Cuts to Raise Additional Revenue
The federal government is reducing income tax and sales tax exemptions in the upcoming fiscal year budget 2026-27, aiming to generate additional revenues. Preparations for…
Govt Expects Rs. 48 Billion Extra Tax Revenue Through Industrial Monitoring
The Government of Pakistan Federal Board of Revenue (FBR) has informed the International Monetary Fund that expanded industrial production monitoring is expected to generate an additional Rs.…
Govt Eyes AI Tools to Crack Down on Tax Evasion
The federal government is preparing AI-based tools and digital monitoring systems to fight tax evasion, as part of its upcoming federal budget for the fiscal…
FBR Targets Rs778bn via Enforcement, Not New Taxes
The federal government will impose no new taxes in the upcoming 2026-27 budget, relying instead on stricter enforcement to meet its revenue targets. As per…
FBR Releases Draft Tax Return Forms for 2026
The Federal Board of Revenue (FBR) has released draft electronic income tax return forms for individuals, companies, and associations of persons for Tax Year 2026.…
FBR Revises Customs Values for Imported Smartwatches and Wearables
The Federal Board of Revenue (FBR) has revised customs values for imported smartwatches, smart bands, and smart rings to curb under-invoicing and prevent revenue losses.…
Federal Constitutional Court Dismisses FBR Appeals, Declares Section 7E Unconstitutional
Pakistan’s Federal Constitutional Court has struck down Section 7E of the Income Tax Ordinance, 2001. The court ruled it unconstitutional and without legal force. This…
Rs. 74.8 Million Tax Fraud Exposed After IRIS System Breach in Pakistan
A major cyber intrusion into Pakistan’s tax system has been uncovered by the Federal Tax Ombudsman, revealing fraudulent adjustments to input tax credits amounting to Rs.…
FBR Connects Nearly 36,000 Retail Outlets to Digital Tax system
The Federal Board of Revenue (FBR) has connected 35,953 branches of retailers, restaurants, and textile outlets to its Point of Sales (POS) system by April…
FBR Increases ‘PTA Tax’ for Used Imported iPhones, Samsung, and Pixel Devices
The Federal Board of Revenue (Federal Board of Revenue) has issued revised customs valuation rates for imported used mobile phones, covering 62 brands including Apple,…
