Peshawar High Court halts FBR’s e-invoicing drive! ⚖️ A stay order prevents adverse action on taxpayers, citing data security, high costs, and practical issues. This signals major pushback against FBR’s mandate.
FBR grants massive tax relief on importing 0.5 MMT sugar! 🍬 Customs duties exempted, WHT & Sales Tax cut to 0.25%, 3% VAT waived. Aimed at stabilizing supply & curbing prices, imports must complete by Sept 30, 2025.
FBR unveils Pakistan’s first AI-powered Customs Clearance & Risk Management System! This groundbreaking move promises enhanced transparency, reduced human intervention, & faster trade. Initial tests show 92% improved performance. A big leap in digitization!
FTO orders FBR to halt new tax audits until pending refunds (2008-2017) are processed. Citing non-compliance & taxpayer hardship, the FTO summons the Chief Commissioner for explanation. A win for taxpayers’ rights.
Pakistan mandates public asset declaration for Grade 17+ govt officers, fulfilling an IMF condition! Assets (domestic/foreign) will be filed digitally & publicly accessible, aiming for greater transparency & accountability in bureaucracy.
KCCI flags major flaws in FBR’s new QR code login for IRIS portal! 😠 Mandatory single-device access is a “logistical nightmare” for businesses & tax pros, hindering timely filings. KCCI urges FBR to make it optional for smoother compliance.
Punjab now levies a 16% sales tax on commercial property rentals from July 1, 2025! 🏢 This shift to a “negative list” means all services are taxable unless explicitly exempted. Get ready for changes in commercial leases!
In a significant move towards its broader digitalization agenda, the Federal Board of Revenue (FBR) has introduced a new provision […]
FBR hasn’t released 2025 tax return forms for filing, despite legal requirements! 🚨 Taxpayers & consultants are in limbo, unable to prepare returns. The IRIS portal shows “not yet enabled,” causing uncertainty for timely & accurate submissions.
Sindh Revenue Board hits a record! 🎉 SRB collected Rs306.6 billion in FY2024-25, a massive 29.5% growth. June 2025 saw its highest-ever monthly collection at Rs40.5 billion! Success credited to team effort, govt support & taxpayer trust.