FTO orders FBR to investigate IP addresses in a major sales tax fraud case involving a hacked taxpayer and fake invoices worth millions, highlighting a need for stronger cybersecurity.
The FBR is targeting telecom companies for failing to provide subscriber data to combat tax fraud. A new law empowers the FBR to demand IP addresses and subscriber info to trace fraudulent activities. Non-compliance will result in legal action.
FBR releases updated Income Tax & Sales Tax ordinances with changes from Finance Act 2025. Get a comprehensive look at new tax rates, e-commerce regulations, and enforcement measures. Essential reading for taxpayers and businesses.
Bank Alfalah is currently involved in several tax disputes with federal and provincial authorities, totaling over Rs1.9 billion. The bank has challenged the claims and remains confident of a favorable outcome, with all matters under appeal or in court.
The Federal Board of Revenue (FBR) has introduced a new procedure for sales tax investigations under Section 37A. The directive, STGO No. 02 of 2025, requires approvals from multiple senior officials and consultation with business representatives before an investigation can be initiated.
Bank deposits hit a record high of Rs35.50 trillion in FY25, yet FBR tax collection on these profits fell by 5%. This decline is attributed to the State Bank’s interest rate cuts, which lowered returns and, consequently, taxable income.
The NCCPL has issued a circular detailing the new tax regime from the Finance Act, 2025. It clarifies revised Capital Gains Tax (CGT) rates for stocks, commodities, and mutual funds, and introduces a new tiered Super Tax on capital gains for the tax year 2026.
FBR extends the deadline for June sales tax and federal excise returns to August 8, 2025. This extension, announced via notification, is for taxpayers who have already deposited their tax liability but faced technical issues with the IRIS portal.
The FBR’s Finance Act 2025 and Circular 02 outline a new tax regime for e-commerce. The legislation defines couriers and payment intermediaries as withholding agents, mandates tax for all e-vendors, and establishes a robust monthly reporting system to capture all digital sales activity.
Pakistan’s new e-commerce tax regime, effective July 1, 2025, mandates 1-2% withholding tax on digital transactions. It aims to register online sellers, formalize the sector, and push for a cashless economy. Compliance is key for all online businesses.