The Federal Board of Revenue has issued a Rs19 billion tax demand against United Bank Limited related to income tax and federal excise duty for past years up to tax year 2025. The bank has filed appeals against the amended assessments and remains confident of a favorable legal outcome.
The Federal Board of Revenue (FBR) is exploring contingency measures to achieve its FY26 revenue target after falling short by Rs430 billion in the first eight months. Proposed steps include increasing excises, expanding the sales tax base, and adjusting government spending to maintain fiscal stability under the IMF EFF program.
The Federal Board of Revenue (FBR) has agreed in principle to relax the super tax payment schedule, allowing companies to clear dues in installments until June 30, 2026. The decision follows industry pressure and a high-level meeting chaired by Prime Minister Shehbaz Sharif to ease financial strain on businesses.
The Establishment Division has ordered FBR officers to submit complete asset and liability declarations for the last decade, including sources of income. The directive, issued under Rule 12 of the Government Servants (Conduct) Rules, 1964, sets March 9, 2026 as the deadline for pending disclosures.
Pakistan’s FBR misses tax collection target by Rs430 billion during July–February FY26, intensifying fiscal pressure ahead of key IMF review negotiations.
FBR has initiated action against 38 top YouTubers, TikTokers, and social media influencers for concealing Rs 15 billion in income. The Lifestyle Monitoring Cell detected undeclared expenditure and lifestyle mismatches, prompting audits and recovery of unpaid taxes.
The Federal Board of Revenue (FBR) faces a major revenue shortfall in February 2026 as IMF review discussions begin in Islamabad. Authorities are taking urgent measures to boost tax collections and meet fiscal targets.
The Federal Board of Revenue (FBR) has announced that all LTOs, MTOs, CTOs, and RTOs will remain open on February 28, 2026, to ensure smooth collection of taxes and duties nationwide.
FBR Chairman Rashid Mahmood Langrial held a meeting with Pakistan’s major Tax Bar Associations to discuss taxpayer challenges, including super tax and SRO 350(I)/2024. A special committee was announced to address issues and propose practical solutions. Key FBR officials and Tax Bar representatives participated in detailed deliberations to enhance policy, system efficiency, and voluntary compliance, reflecting FBR’s commitment to facilitating taxpayers and improving Pakistan’s taxation framework.
The Punjab Revenue Authority (PRA) has launched strict enforcement actions in Lahore against businesses delaying tax payments and manipulating records, conducting audits, issuing notices, and promoting digital monitoring through the Electronic Invoicing and Monitoring System (E-IMS) to improve tax compliance.