FBR
PM Orders Third-Party Audit of FBR Reforms to Boost Tax Collection
Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to conduct a third-party audit of the ongoing tax reforms, saying the measures…
FBR Sets Three-Day Deadline for Low-Risk Sales Tax Registrations
The Federal Board of Revenue (FBR) has introduced a risk-based system to speed up sales tax registration for businesses, with low-risk applicants to be processed…
FBR to Automatically Track Bank Transactions Above Rs. 1 Crore
The Federal Board of Revenue (FBR) has made it mandatory for banks and electronic money institutions to report financial transactions exceeding Rs. 10 million, or…
Federal Constitutional Court Gives Companies Relief in Super Tax Case
The Federal Constitutional Court has delivered a major relief for corporate taxpayers in Pakistan by allowing eligible tax credits to be adjusted against super tax…
Salaried Class Tax Collection Hits 3-Year High Despite Rate Cuts
Rs44 billion in Income Tax was collected from the salaried class by the Federal Board of Revenue (FBR) in July 2026, the highest collection for…
Sales Tax Chaos: Hybrid Vehicle Makers Halt Production
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax hike on hybrid vehicles, which jumped…
FBR Slaps New Daily Fines on Delayed Customs Clearance Starting Oct 1
The Federal Board of Revenue (FBR) has introduced new graded penalties for delays in filing goods declarations and clearing consignments from ports and warehouses, set…
FBR Raises Customs Penalties to Rs. 1 Million for Key Violations
The Federal Board of Revenue (FBR) has significantly increased penalties for several customs violations, with fines now reaching up to Rs. 1 million under a revised penalty…
FBR Doubles Withholding Tax on Earnings of Non-Filer Influencers
The Federal Board of Revenue (FBR) has doubled the withholding tax rate on social media earnings of digital content creators and influencers who are not…
FBR Deploys AI to Crack Down on Tax Underreporting
The Federal Board of Revenue (FBR) has stepped up the use of artificial intelligence (AI), third-party data and a faceless assessment system to identify tax…
FBR Forms Committees to Resolve Imported Goods Pricing Issues
The Federal Board of Revenue (FBR) has formed two committees to examine and resolve issues arising from the implementation of the Third Schedule, particularly those concerning pricing requirements…
FBR Fails to Share Tax Data on Pakistan Tobacco Company and Philip Morris
The Federal Board of Revenue (FBR) has again failed to submit tax data on Pakistan Tobacco Company and Philip Morris (Pakistan) Limited despite repeated commitments…
FBR Launches Real-Time Production Monitoring for Beverages
The Federal Board of Revenue (FBR) has launched an electronic production monitoring regime for aerated waters and beverages, requiring registered manufacturers to install real-time tracking…
