Saturday, January 3, 2026

FBR clarifies reports about scrutiny of exporters’ income tax returns

Tax body says that to mitigate the possibility of any errors, the field formations were directed to pursue the returns and process them in accordance with the law

FBR sets strategy to achieve revised tax target amid Rs336 billion shortfall

Tax authority aims to meet Rs13.979 trillion target in second half of 2025-26 with recovery from court cases and enforcement measures; govt rules out mini budget

FBR orders scrutiny of 480 exporters’ tax records, sparking concern in business community

Tax body directs field formations to investigate exporters' filings for inconsistencies in taxable income

FBR misses half-year revenue target by Rs336 billion, tax hikes expected to offset shortfall

Rs6,154bn collected in 6 months; Rs328bn revised target set; IMF contingency measures and tax hikes under consideration

FBR probes Lahore-based actress over Rs67.7 million undeclared wedding spending

Lifestyle Monitoring Cell finds Rs67.7m expenditure on wedding inconsistent with declared income, recommends audit, penalties and possible prosecution

Meritorious service rewards for Inland Revenue officials capped at 24 salaries

Board amends reward rules, raises limit from 18 salaries for meritorious service

FBR deploys tax officers at 50 private hospitals amid low compliance by doctors: report

Of 319,572 registered doctors, only 130,243 are on tax rolls, while just 56,287 filed income tax returns in TY2025, FBR data shows

Ruling party’s lawmaker accuses FBR of fostering ‘hostile environment’ for businesses

NA committee discusses impact of FBR's actions on business climate, with foreign companies struggling to repatriate profits

IMF expects Pakistan’s federal tax revenue to stagnate for next five years

FBR collections rose to 10.3% of GDP in FY25 but missed target, while provinces expected to lift tax share from 0.9% to 1.6% by FY28

IMF rejects FBR request for immediate removal of 18% GST on contraceptives, sanitary pads

Fund says tax relief can only be considered in FY27 budget amid revenue shortfall

FBR compulsorily retires Customs officer over Rs2 million revenue loss from misdeclared consignment

Muhammad Ali Pechohu was under investigation for misreporting 18,000kg of grapes and 5,000kg of plums from Afghanistan

FBR recovers Rs874 billion through enforcement measures in 2024-25

Tax authority recovers Rs25bn from sugar sector, Rs12.8bn from cement; Rs255bn from legal settlements; tax liability rises by Rs58bn to Rs218bn in 2024-25; sets Rs389 billion enforcement target for 2025-26

Revenue shortfall may hit Rs560bn in first half of FY2025-26, FBR tells PM

Tax body seeks Attorney General’s assistance to expedite decisions in tax-related court cases

FBR suspends Customs inspector at Islamabad airport over extortion and harassment allegations

Inquiry finds evidence of harassment and misconduct; disciplinary proceedings initiated

NA panel urges FBR to reassess mobile phone tax structure by March 2026

FBR collected Rs82 billion in taxes from imported mobile phones in 2024-25, with Rs18 billion from high-end models, comprising 23-24% of the total collection