Only 12 Pakistanis declare wealth over Rs10 billion, FBR chairman reveals

93.7% of property transactions undervalued, tax body’s proposal to link property purchases with declared assets sparks heated debate in parliamentary committee

Senate panel opposes Rs5.6bn purchase of over 1,000 vehicles for FBR officers

Standing Committee on Finance to formally write to PM, finance minister, and AGPR to halt the purchase; Calls procurement process biased; FBR defends mobility for field operations

Pakistan opts for alternative revenue measures, declines IMF’s call for additional taxes: report

PM directs FBR to cover Rs386 billion shortfall through alternative revenue measures rather than imposing new taxes

Non-filers to face restrictions on vehicle registration, property acquisition, and stock purchases under new tax bill

Proposed Tax Laws (Amendment) Bill, 2024 to enforce stricter compliance, including freezing bank accounts and seizing property

Salaried class leads with Rs368bn tax contribution in FY2024

Salaried individuals emerge as third-largest contributors to national tax pool with Rs103.7 billion additional taxes from FY23, surpassing exporters who paid Rs93 billion

FBR mandates balance sheets for new sales tax registrations

Updated rules include biometric verification and stricter documentation
HONDA CITY

FBR’s decision to procure 1,010 Honda City cars worth Rs6bn faces public backlash

Public questions the expenditure amid Pakistan’s economic challenges and rising taxes on common citizens especially on salaried class 

FBR grilled over misuse of export scheme, SIFC outlines corrective measures

Business community calls for transparency; FBR officials acknowledge ongoing investigations into cases of EFS misuse 

FBR chief targets Rs13,500 billion in tax revenue for 2024-25

December collections increased by 35 percent compared to November and 56 percent compared to December last year, says Langrial

FBR considers cutting withholding tax, reviewing 5% FED for first-time homebuyers

Task force formed to align property taxes with market; realtors show optimism about the upcoming incentive package

FBR to integrate FMCG manufacturers, wholesalers, and distributors into Digital Invoicing System 

Plan targets to connect approximately 10,000 FMCG entities with Digital Invoicing System to enhance tax monitoring, curb leakages

FBR launches tendering process for advanced cargo tracking technologies

New system to replace outdated tracking methods; interim measures in place for safe cargo transit

FBR seeks stakeholder input for tax reforms in Budget 2025-26

Proposals for income tax, sales tax, and excise duties invited; Jan 31 deadline for submissions

Corporate sector leads with Rs3 trillion in income tax for FY24

Rs1.12 trillion were paid by individual taxpayers and Rs353 billion from associations of persons, FBR report reveals 

FBR seeks data from foreign countries to combat tax evasion

Efforts focus on curbing tax evasion through international cooperation and OECD-aligned transparency