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
FBR vows to tackle tax evasion with expanded monitoring in tobacco, retail sectorsÂ
Chairman Rashid Mahmood Langrial details plans to target non-compliant sectors, expand digital tax monitoring, and address loopholes in tobacco, retail, and passive income regimes
FBR grants Inland Revenue officers powers to arrest company executives for tax fraud
Under the new rules, an IR officer conducting an investigation may arrest directors, CEOs, chief financial officers, and individuals suspected of abetting tax fraud
Govt introduces Rs623 billion in new tax measures to meet fiscal targets
New tax measures target digital transactions, pension income, property sales, non-filers, and e-commerce, aiming to boost revenue and improve compliance
FBR officials to gain expanded authority similar to SHO powers
Taxmen will now have the authority to inspect chartered accountancy and audit firms preparing income tax returns, close unregistered bank accounts, and access the offices of tax advisers and firms where discrepancies in returns are suspected
Non-filers to be barred from opening bank accounts, purchasing property, vehicles, and investing in securities
Govt plans to raise tax on cash withdrawals by non-filers from 0.6% to 1%; measures aimed at expanding the tax base and enhancing economic documentation
Govt shifts focus from broadening tax base to equity, aims for Rs14 trillion revenue target: report
Higher taxes on low-income sectors and new measures like carbon tax, solar panel duties spark concerns as government seeks to meet ambitious fiscal goals.
Tax exemptions cost govt Rs5.84 trillion in 2024-25, a 50% increase
Sales tax exemptions on petroleum products and imports among major contributors to revenue loss
FBR to propose Rs 200 billion in new tax measures in Finance Bill 2025-26Â
New taxes include 18% sales tax on solar panels, e-commerce, and ultra-processed foods, as well as expanded scope of services and products under sales tax.
Provinces to seek cabinet approval for GST on services, set up agri income tax collection mechanism
All four provinces to implement transition from positive to negative list for GST on services by July 2025, aligning with IMF fiscal targets