Amended Finance Bill: Individuals facilitating tax fraud through bank accounts to face prosecution
Under new definitions, anyone aiding tax fraud, including using business accounts for fraudulent activities, will be treated as an "abettor" and subject to legal action
Tax officials deployed at premises of solar companies to monitor sales
Initially, taxmen stationed at four major solar companies operating in Karachi 30 days Â
FBR to suspend bank accounts of unregistered sales tax persons for three days under amended Finance Bill
New law allows tax authorities to suspend bank account operations for non-registered taxpayers starting July 1, 2025
Amended Finance Bill mandates FBR to seek approval from three-member committee for arrests in tax fraud cases
Revised law allows an Inland Revenue officer, no lower than the rank of assistant commissioner, to initiate an inquiry based on material evidence of tax fraud; Rs 50 million threshold set for arrests under the Sales Tax Act
FBR extends deadline for software integration for taxpayers
Corporate taxpayers must integrate their invoicing software by July 1, while non-corporate taxpayers have until August 1, 2025
FBR unveils Rs36 billion in new taxes to offset revenue loss from solar panel tax cut, salary hike
New tax measures include 10% FED on day-old chicks, 29% tax on dividends from mutual funds, and 20% withholding tax on govt securities profits for institutional investors
Federal Tax Ombudsman orders FBR to stop shop seals, resolve POS system issues for tier-I retailers
In response to a complaint by the Chainstore Association of Pakistan, FTO emphasises that no retail outlets should be sealed until all technical issues have been resolved
Govt’s plan to restrict economic transactions by ineligible persons faces hurdles
National Assembly committee finds FBR's online platform, intended to determine eligibility for such transactions, far from completionÂ
FBR to freeze bank accounts of non-filers in FY 2025-26
Many businesses file income tax but remain outside the sales tax net, including factories with multiple industrial meters, says Langrial
Legal provisions for arrest in cases of tax fraud already exist, FBR clarifies
A number of news stories in media give the impression that some of the amendments introduced in the finance bill are not well understood by the public at large, says the tax body
FBR calls for bringing banks under normal tax regime applicable to companies
Tax body chairman raises concerns over the special tax treatment given to banks, urges to abolish the Seventh Schedule (Banking Schedule) of the Income Tax Ordinance 2001
FBR takes action against eight sugar mills implicated in tax evasionÂ
List of mills provided to opposition leader Omar Ayub during Standing Committee on Finance meeting, but FBR chairman did not disclose penalties imposed on non-compliant mills
Govt limits FBR’s arrest powers after public, business community concerns
PM establishes committee to review the matter, suggest stronger safeguards to prevent misuse of powers by tax officers
FBR clarifies exemptions for one-time sellers, women in new e-commerce tax proposal
Committee approves proposal to impose sales tax on e-commerce transactions
High court rules in favor of FBR, telecom operator liable for Rs22 billion tax on tower asset transfer
Telecom operator transferred tower assets to its subsidiary in 2018 for Rs98.5 billion, recording a gain of Rs75.9 billion, but argued the transaction was exempt from taxÂ