The Supreme Court has raised concerns over parliament’s powers to levy the super tax outside a financial year. A five-member bench heard challenges to Section 4C of the Income Tax Ordinance, with FBR defending the levy as a lawful part of income tax on high earners.
The Federal Board of Revenue’s IRIS portal went down today under heavy traffic pressure, causing frustration among taxpayers. While officials confirmed technical issues, they ruled out any deadline extension, urging filers to continue efforts before September 30.
The Sindh Revenue Board (SRB) has introduced a new online portal for agricultural tax payments, enabling farmers to register, create accounts, and pay dues digitally. This initiative promotes transparency, reduces paperwork, and simplifies compliance under the Sindh government’s digital governance vision.
The Federal Board of Revenue (FBR) has sealed Saeed Book Bank, one of Islamabad’s most iconic bookstores, for failing to integrate its POS system with the tax authority. The action comes amid FBR’s aggressive drive to enforce compliance and curb alleged tax evasion nationwide.
The government has released the Tax Expenditure Report 2025, listing major beneficiary sectors of tax relief, including pensions, social security, IT, education, health, and the salaried class. Income tax expenditure for FY 2023-24 stood at Rs. 545.22 billion, while sales tax expenditure was Rs. 1,237.11 billion, accounting for more than half of the total tax expenditure.
The Federal Board of Revenue (FBR) has reported that tax exemptions and concessions declined to Rs2.43 trillion in FY 2023–24, equal to 2.32% of GDP. While sales tax accounted for the largest share, the overall reduction signals the government’s move toward rationalizing concessions and strengthening revenue structure.
The Federal Board of Revenue (FBR) has issued a draft notification proposing key changes to the Income Tax Rules, 2002. Under the new rules, online marketplaces will be required to file monthly statements of seller transactions, while couriers and payment intermediaries must submit quarterly withholding tax statements.
An S.R.O. from Federal Board of Revenue details the simplified electronic income tax return for individuals for the Tax Year 2025. The form, available on IRIS, covers income sources, withholding taxes, wealth statements, and tax relief. It is due by September 30, 2025.
The Lahore Tax Bar Association urges the FBR to create a mobile app for biometric verification. This would ease the process for overseas, elderly, and remote taxpayers, aligning with the government’s digital push and expanding the tax base.
The FBR has yet to implement the IHC-ordered automated income tax refund system under Section 170A, despite assurances and a detailed plan. No allocation exists in its procurement plan, raising concerns over delays in transparency and digitisation of tax processes.