FBR Misses Tax Collection Target, Records Rs335bn Shortfall
The Federal Board of Revenue has missed its tax targets for five consecutive months, posting a Rs335bn shortfall from July to December, raising concerns ahead of an upcoming IMF review.
FBR Demotes BS-20 IRS Officer for Misconduct and Inefficiency
The Federal Board of Revenue has reduced a senior IRS officer from BS-20 to BS-19 for one year after disciplinary proceedings confirmed inefficiency and misconduct, acting on directives from the Prime Minister.
Filing Deadline for Companies Set for December 31, 2025
The FBR has announced that all companies must submit their annual returns and financial statements by 31st December 2025. No automatic extensions will be granted, and late submissions without prior approval may incur penalties.
PRA Cracks Down on Tax Defaulters, Impounds Records of 11 Outlets Across Punjab
PRA conducted inspections of 58 food outlets and marquees in Lahore, Rawalpindi, Jhelum, Taxila, and Bahawalpur, seizing records from 11 outlets, including major chains, for sales tampering, unreported taxes, and E-IMS non-compliance.
FBR Dismisses Tax Official for Issuing Illegal and Fake Notices
The Federal Board of Revenue has removed a Karachi tax official from service after an inquiry proved he illegally accessed FBR’s database, issued fake notices and orders to dozens of taxpayers, and operated a parallel system using forged official authority.
FBR Probes Actress Over Rs67.7 Million Undeclared Wedding Expenses
The FBR’s Lifestyle Monitoring Cell has flagged a prominent Lahore actress for potential tax evasion after her wedding expenses of Rs67.7 million were found inconsistent with her declared income. A full audit and possible penalties are being recommended under Section 111 of the Income Tax Ordinance.
FBR Clarifies Safeguards on Tax Exemptions for Imports into Gilgit-Baltistan
The Federal Board of Revenue has outlined a robust mechanism, including trader-wise quotas and automated WeBOC monitoring, to ensure tax-exempt imports into Gilgit-Baltistan are used exclusively within the region and do not impact businesses elsewhere in Pakistan.
Islamabad Traders Threaten Protests Against Mandatory POS Policy
Traders in the federal capital have threatened large-scale protests and road blockades if the government does not withdraw the mandatory POS policy, saying it unfairly targets small traders and increases costs through penalties and shop sealings.
FBR Educates Businesses on Online Tax Filing and Compliance
The Federal Board of Revenue has organized a tax awareness session for the business community at FPCCI Islamabad, providing step-by-step guidance on online tax filing and reinforcing its commitment to voluntary tax compliance and stakeholder engagement.
FBR Seals Two Sugar Mills on Intelligence Agency Report
Acting on an intelligence agency report, the Federal Board of Revenue has sealed two sugar mills in Central Punjab for serious breaches of sales tax laws and suspended six Inland Revenue officials, reaffirming its zero-tolerance policy against tax evasion in the sugar industry.