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
FBR revises functions and jurisdiction of post-clearance audit and internal audit directorates
Reorganization aims to enhance compliance and facilitate trade through improved data analytics and audit processes
FBR to call taxpayers on income tax return filing
Campaign will provide information on electronic tax return filing; helpline available for queries
FBR empowered to impose Rs 500,000 penalty for non-compliance with digital invoicing
Subsequent violations could trigger higher fines of Rs 1 million, Rs 2 million, and Rs 3 million as FBR urges registered taxpayers to integrate systems
FBR misses August tax collection target by Rs64 billion
Provisional collection recorded Rs886 billion against Rs950 billion target; two months shortfall stands at Rs47.5 billion
FBR mandates quarterly tax filings for couriers, payment intermediaries
Online marketplaces handling digital transactions to submit monthly statements under new draft rules
KTBA flags technical issues in FBR Iris portal for 2025 tax returns
Lawyers warn glitches and legal gaps are delaying filings and affecting compliance
PM forms committee to review 10% sales tax in KP’s merged districts, FBR chief tells NA panel
Committee led by Rana Sanaullah to address concerns over tax imposition and regional cost disparity