PM forms committee to review 10% sales tax in KP’s merged districts, FBR chief tells NA panel
Committee led by Rana Sanaullah to address concerns over tax imposition and regional cost disparity
FBR extends July sales tax return filing deadline to August 26
Extension applies if due tax has been deposited by original deadline
Audit report reveals Rs789.92 billion tax gap, major discrepancies in fiscal governance
Rs480.19 billion income tax shortfall, Rs212.12 billion sales tax gap, Rs40 billion customs duties deficit, and Rs615 million excise duty discrepancy expose tax collection weaknesses
FBR launches simplified electronic tax returns for individuals for 2025
New auto-fill forms aim to streamline filing for salaried taxpayers, small businesses, and overseas property owners
FBR introduces new electronic foreign income and assets declaration for tax year 2025
Tax body also launches simplified returns for individuals, companies, and SMEs for the upcoming tax year
Tax policy office moved to Finance Ministry, FBR no longer responsible for budget preparation, says Aurangzeb
Finance minister announces shift in responsibility, outlines upcoming industrial and tariff reforms
FBR yet to implement IHC-mandated automated income tax refund system
Court directives under Section 170A remain unexecuted despite assurances from FBR Member (Policy)
FBR allows direct appeals to Appellate Tribunal in excise duty cases
Taxpayers can bypass basic appeal under Finance Act 2025 and file FED-related cases directly
FBR to suspend or blacklist sales taxpayers refusing access to business premises
New Sales Tax Rules 2006 mandate action against taxpayers obstructing tax monitoring and violating compliance
FBR transfers raise questions on ongoing investigations into benami transactions, money laundering: report
Controversy erupts over transfer of senior officials involved in vehicle import investigations, with concerns over potential interference in high-profile cases
FBR to appoint 102 sector experts for field audits of key industries
Tax body will conduct field audits of 42 sectors, including automotive, textile, pharmaceuticals, and telecommunications, starting with the first phase
FBR to impose 20% tax on early disposal of government debt securities
New tax rates introduced on capital gains from debt securities, with 20% applied to sales within six months
FBR amends tax provisions for banks to align income with taxable earnings
Changes to the Income Tax Ordinance 2001 aim to streamline banking income reporting, effective July 1, 2025
IT and IT-enabled services to retain 4% withholding tax rate in FY2025-26
FBR maintains tax rates for specified and non-specified services; IT sector exempted from higher withholding tax
FBR must consult business representatives before making arrests in tax fraud cases
New guidelines slow down enforcement actions, prompting concerns over leniency toward traders