The Federal Board of Revenue has revised the Inland Revenue Reward Rules, limiting rewards for meritorious services to 24 salaries per employee in a financial year, while introducing a new evaluation mechanism.
The Federal Board of Revenue has suspended six officials found absent from assigned sugar mill monitoring duties, with disciplinary proceedings recommended to ensure transparency and uphold professional standards.
Starting January 1, the FBR will monitor social media platforms to identify and take action against sellers of smuggled goods, using intelligence, NADRA verification, and enforcement teams to curb illicit trade and protect the economy.
The Federal Board of Revenue has come under scrutiny after the Corporate Tax Office Islamabad failed to comply with a Federal Tax Ombudsman order, prompting calls for disciplinary action and highlighting lapses in tax administration accountability.
Customs Enforcement Quetta has carried out a series of intelligence-based anti-smuggling operations, recovering contraband items valued at Rs. 317 million and reaffirming its commitment to curb illicit trade.
CTO Lahore has recovered Rs. 2.646 billion in outstanding income tax demand following assessment proceedings, reflecting FBR’s firm stance against tax non-compliance.
Pakistan has secured $700 million in new World Bank financing to reform its tax system, enhance budget transparency and support macroeconomic stability, despite limited progress from earlier revenue-focused lending.
Federal Minister Muhammad Aurangzeb announced a working group to evaluate tax and regulatory proposals from telecom infrastructure and venture capital sectors, focusing on investment-friendly policies, digital connectivity, and innovation-driven economic growth.
Filing a tax return for 2025 is only the first step. Under Section 120, FBR treats a complete return as an assessment, subject to automated adjustments, time limits, and possible audit.
The Federal Board of Revenue recovered Rs874 billion through enforcement measures in FY 2024-25, driven by sector-specific monitoring, legal settlements, and stronger compliance, while setting a Rs389 billion enforcement target for 2025-26.