IMF seeks detailed update on Pakistan’s revenue digitalisation plans
Demands detailed insights into FBR’s digitalisation initiatives, focusing on AI-driven strategies to detect tax evaders and enhance monitoring of taxable income
FBR resists immediate new taxes, considers lower sales tax on fuel to offset shortfall
IMF reassured on reform measures; FBR discusses digital revenue tracking strategy
Govt approves Rs32.5bn package to boost FBR performanceÂ
Package includes enhanced mobility for tax officers with 1,100 new cars, anti-smuggling posts staffed by ex-military, other incentives
FBR reassigns 208 Customs Intelligence Officers to enforcement collectorates
Massive reshuffle sees Customs personnel moved across collectorates nationwide
FBR to introduce new fossil fuel surcharge to boost revenue
Pakistan targets 13.7% tax-to-GDP ratio by 2028-29 under IMF program
Over 62% of sales tax revenue collected from 15 sectors, reports FBR
Power sector leads the list, contributing 22.5% of the total domestic sales tax due to increased power tariffs
FBR receives record 5.2 million tax returns for 2024, up 76% from last year
With extended deadlines, FBR reports a significant rise in tax returns and payments, but notes an increase in nil-filers
Tax exemptions cost Pakistan Rs3.8 trillion in 2023-24, reports FBR
Sales tax breaks account for the largest share of federal tax expenditure
Cybercriminals exploit retired officer’s account, causing Rs528bn sales tax loss
FTO reveals massive fraud; insider assistance alleged within FBR and PRAL
FBR to overhauls Tajir Dost Scheme, shifts focus to large retailers
Fixed tax policy suspended as FBR targets high-potential retailers using data on income tax and electricity consumption
Govt reshuffles FBR leadership amid Rs190bn revenue shortfall
18 Inland Revenue and 35 Customs officials transferred in a bid to boost tax collection
FBR grants tax officers real-time, in-depth access to registered persons’ data
Stock Register System will empower tax officers to securely retrieve detailed stock data to facilitate precise tax assessments and mitigate risk of tax evasionÂ
FBR says no further extension for income tax return filing
Tax return filers reach 5.1 million, up 77% from last year
Govt misses four-month tax collection target by Rs190 billion
Shortfall may lead to either revising the tax target or introducing a mini-budget
Pakistan’s fiscal framework agreed with IMF falls apart, needs crucial revisionsÂ
Three of the four primary indicators have diverged from their expected target in Q1 FY2024-25