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
FBR ramps up crackdown on cement sector, penalizes leading manufacturer for tax fraud
Accusation involves the use of bogus coal purchase invoices which unearthed a complex scheme involving multiple blacklisted entities
Govt achieves just 0.001% under Tajir Dost scheme, misses IMF’s target of Rs10bn for Q1
Collecting less than Rs1 million raises concerns over the govt’s ability to meet future commitments and prompts fears of a mini-budget.
FBR cracks down on sales tax fraud, detains five in nationwide operation
Top CFOs and fraudsters arrested; fake invoices linked to billions in tax losses.
Govt extends tax returns filing deadline to October 31
FBR reports surge in tax returns but grapples with increasing nil-filers for tax year 2024
FBR denies any further extension in returns filing deadline
SIMs of non-filers will be blocked and they will not be able to buy vehicles or property, says FBR spokesperson