Rs5.5trn trade discrepancy with China uncovered, linked to under-invoicing, digital loopholes: report
Lack of port digitization enables tax evasion, misdeclaration of high value cargos
Punjab Revenue Authority collects record Rs22.21 billion in January
Tax revenue rises 21% year-on-year; fiscal year collection reaches Rs142 billion
Non-filers to face restrictions on vehicle registration, property acquisition, and stock purchases under new tax bill
Proposed Tax Laws (Amendment) Bill, 2024 to enforce stricter compliance, including freezing bank accounts and seizing property
LHC declines jurisdiction on factual assessment of tax refund claims
The Lahore High Court directs the Commissioner Inland Revenue (Appeals) to decide the matter within two months
Corporate sector leads with Rs3 trillion in income tax for FY24
Rs1.12 trillion were paid by individual taxpayers and Rs353 billion from associations of persons, FBR report revealsÂ
FBR highlights disparity in income and sales tax compliance for FY24
Tax body reports 4.74m income tax filers but only 234,193 sales tax filers in FY24; RTO Lahore leads tax compliance
Sindh Revenue Board’s tax collection rises by 23% in Jul-Dec
SRB records 27% growth in revenue collection for December 2024, amassing Rs27.03 billionÂ
KPRA revenue surges by 45%, collects Rs24.2bn in six months
Rs18.15 billion generated from sales tax, Rs6.07 billion from Infrastructure Development Cess
Punjab Revenue Authority expands jurisdiction to Murree
Authority appoints Additional Commissioner Marzia Saleem to oversee the Murree office
FBR falls short of December tax target, Jul-Dec deficit hits Rs386bn
Revenue collection misses mark as Rs5.623 trillion generated against Rs6.009 trillion target in six months
FBR anticipates Rs509bn revenue shortfall in first half of FY2024-25
December marks the fourth consecutive month of missed tax targets, with a Rs148 billion shortfall, adding pressure on revenue collection.
Buyers of immovable properties to face 5% penalty for non-banking transactions
All sub-registrars, assistant directors, and transferring officers are instructed to enforce penalty recovery on non-banking property transactionsÂ
FBR refuses to share tax data with provinces over agri tax disputeÂ
FBR cites legal constraints in sharing complete returns data; NTC sends matter to executive committee to align provincial and federal tax laws
Govt targets 13.5% tax-to-GDP ratio in three years with new tax reforms
Finance minister outlines digitalisation, compliance measures to broaden tax base
Salaried class contributes Rs200 billion in taxes in five months
The FBR relies heavily on collecting taxes from salaries, utility bills, phone usage, and bank cards, as audits are more complex and less rewarding