FBR anticipates Rs509bn revenue shortfall in first half of FY2024-25
December marks the fourth consecutive month of missed tax targets, with a Rs148 billion shortfall, adding pressure on revenue collection.
FBR exempts overseas Pakistanis from higher real estate taxes
New digital system streamlines verification for POC and NICOP holders
Govt highlights tax digitization, identifies Rs60bn from 190,000 wealthy non-filers
Finance minister confident about IMF review; FBR chief says total tax gap stands at Rs7.1 trillion
ECC approves Rs3.7bn restructuring plan for Pakistan Revenue Automation LimitedÂ
FBR’s IT arm to undergo structural reforms with additional Rs4.5 billion allocated for FY2024-25
Senate panel backs law to freeze non-filers’ accounts over Rs1mn, tighten asset purchases
Filers must justify asset purchases; ineligible persons face stricter financial restrictions
FBR refuses to share tax data with provinces over agri tax disputeÂ
FBR cites legal constraints in sharing complete returns data; NTC sends matter to executive committee to align provincial and federal tax laws
Govt targets 13.5% tax-to-GDP ratio in three years with new tax reforms
Finance minister outlines digitalisation, compliance measures to broaden tax base
FBR’s faceless customs system clears 4,000 consignments
Transparency rises as backlog and delays drop under Faceless Customs Assessment SystemÂ
FBR chief rules out mini-budget, urges businesses to join tax net
Proposes restrictions on "Assan accounts" to limit non-filers to Rs1 million transactions
FBR officials empowered to seal premises, restrict bank accounts for non-filers
New powers to curb tax evasion include blocking property, vehicle transactions
FBR empowered to link income tax data with banks under new tax law amendments
Commissioner Inland Revenue is authorized to bar operations of bank accounts for individuals who fail to register for sales taxÂ
Only 200,000 out of 67 million salaried individuals paying correct taxes: FBR chairman
Top 1% of earners could generate Rs1.7 trillion in income tax if taxed accurately, says Rashid Mahmood LangrialÂ
FBR, CA firm clash over Rs1.8m sales tax deduction on audit services
Dispute arises over timing of tax implementation and delayed payments
FBR withdraws amendments to baggage rules after confusion over $1,200 limit
Proposed amendments clarified; personal use items exempt from commercial limits
Rs11bn fraud probe against cement firms shelved due to transfer of FBR’s investigating officers
Investigations into fake coal purchase invoices and input tax adjustments halted after the sudden transfer of key investigating officers from the Internal Audit department to different cities