In a shocking move, FBR has removed the MIS – Payments Details tab on 29th September, leaving taxpayers and consultants struggling. With constant last-minute updates, unapproved changes, and unstable return forms, FBR’s approach raises serious concerns about accountability and its impact on tax compliance.
FBR often announces tax filing extensions late at night—or even after deadlines expire. This article explains why, covering compliance strategy, late issuance of forms, natural disasters, and technical issues, with references to the Income Tax Ordinance and SROs.
Pakistan’s Active Taxpayers List has crossed 7.33 million as filings for Tax Year 2023–24 continue. Updated daily by the FBR, the list reflects growing tax compliance and economic formalization across the country.
Islamabad – The Council of Islamic Ideology has clarified that no final decision has been made on withholding tax. The earlier press release declaring it un-Islamic was a misunderstanding, and the issue will be reviewed again in the upcoming session.
The Federal Board of Revenue (FBR) has introduced a digital invoicing system for sales tax-registered businesses. Featuring QR codes, unique IDs, and a BI dashboard, the system aims to enhance transparency, automate reporting, and reduce compliance costs for taxpayers across Pakistan.
In a landmark move aimed at improving taxpayer facilitation and increasing tax compliance, the Federal Board of Revenue (FBR) has introduced an Urdu language version of its income tax return form for the Tax Year 2025.
The Federal Board of Revenue (FBR) has introduced new electronic return forms for Tax Year 2025, including a special declaration for foreign incomes and assets of resident individuals. Separate returns for non-residents, companies, AOPs, manufacturers, traders, and SMEs have also been notified through recent SROs.
Confused about foreign income vs. remittances? This guide for overseas Pakistanis breaks down when your money is tax-free in Pakistan, the common mistakes to avoid (like sending money to a third party), and the simple steps you can take to stay compliant with the FBR.
The Lahore Tax Bar Association (LTBA) has challenged the FBR’s 2025 return filing process, citing legal breaches and system failures. With no formal notification and an error-riddled e-filing system, the LTBA warns of a full-scale compliance crisis.
FCA reforms have driven a 50% surge in Pakistan Customs’ revenue, hitting Rs342.5 billion in July 2025. The new faceless assessment system, part of a tax transformation plan, has boosted efficiency, transparency, and trade facilitation.