The Federal Board of Revenue (FBR) has dismissed social media claims of new changes in the income tax return form for the 2025 tax year, clarifying that no fresh amendments have been made through any Statutory Regulatory Order (SRO).
The tax authority said the current form was issued on its website on July 7, 2025, and already included a column on page 66 requiring taxpayers to declare the market value of their assets. According to the FBR, many filers had previously entered “zero” in this column, which has now been restricted. However, it stressed that declaring property at market value remains at the taxpayer’s discretion.
“These disclosures are not related to tax calculation, nor will any notice be issued for errors in them,” the FBR said, noting that affluent individuals are already reporting assets under Section 7E. It added that taxpayers who have already submitted returns will not be asked to amend or re-file them.
The authority reiterated that the market value of assets will not be used for tax computation or reconciliation of wealth statements. It further confirmed that the IRIS system is operating smoothly and urged taxpayers to file their returns before the September 30 deadline.
