Pakistan likely to miss Rs3.1 trillion tax target for July–September, IMF briefed
FBR projects shortfall below Rs2.95tr, attributing the gap to flood-related disruptions, slower economic activity, and declining electricity demand
FBR extends deadline for sales tax registration for public companies, importers to October 15
New deadlines set for public companies, importers, and non-corporate taxpayers, as FBR rolls out a phased integration with its electronic sales tax system
Senate panel disputes FBR’s challenge of President’s order on MH Traders’ tax case
Citing presidential authority, Senate committee questions FBR’s move to challenge decision in Sindh High Court
FBR to slap tax on TikTok content creators, Senate committee informed
Tax authority is preparing a plan to tax income earned by TikTokers, with Punjab expected to contribute the largest share of recoverable revue, says Senator Faisal Vawda
FBR admits Rs3.6 trillion sales tax gap cannot be fully addressed due to fragmented retail sector: report
Tax authorities struggle with fragmented retail sector as enforcement measures show limited impact; government plans to focus on manufacturing stage for tax collection
PTBA, FPCCI urge one-month deadline extension for income tax returns amid flood devastation
Both bodies cite flood impacts on agriculture and businesses in Punjab and KP and ongoing technical issues with the IRIS system
Islamabad High Court rules foreign currency account yields taxable for resident companies
Court overturns Appellate Tribunal’s ruling, asserts no exemption for income from foreign currency accounts held by resident companies
FBR tax target may be cut by Rs300-Rs500 billion due to privatisation delays, flood losses: report
Government explores flood levy, macroeconomic revisions, and privatisation of SOEs to offset projected revenue shortfalls; agriculture and livestock damages expected to weigh on GDP growth and inflation
Auditor General asks FBR to recover Rs925 billion from taxpayers after audit reveals major irregularities
Audit highlights Rs19 billion in recoveries, with billions more in uncollected taxes and procedural violations across multiple sectors
FBR fixes tax return error for salaried class after FTO intervention
FBR removes "correct receipt value" requirement from income tax returns, allowing salaried individuals to file by the September 30 deadline
FBR launches mandatory digital invoicing system and Business Intelligence Dashboard for all sales tax-registered taxpayers
Digital invoicing system aims to combat fake or unverifiable invoices; Business Intelligence Dashboard will help businesses to access real-time insights and streamline compliance with automated invoice loading
FBR excludes federal excise duty from Tax Expenditure Report 2025
Tax expenditure estimates for FY24 focus on income, sales, and customs duties; FED treated as targeted levy
Tax credits to various sectors cause Rs78.6 billion revenue loss in FY2023-24
FBR's "Tax Expenditure Report-2025" shows major sectors benefiting from tax reliefs and exemptions in 2023-24
FBR issues five-page income tax return form for traders for 2025
Form requires detailed business and personal data; Urdu version, simpler filing process still awaited
LHC recommends waiver of Rs50,000 court fee for small taxpayers to end FBR discrimination
Federal Board of Revenue exempt from court fees while ordinary taxpayers pay Rs50,000 per reference; LHC suggests legislative action and judicial training for appeals authorities