ISLAMABAD: The Federal Board of Revenue (FBR) has issued a clarification after a letter attributed to the authority circulated on social media, creating the impression that exporters’ income tax returns would be scrutinized to impose unjust taxation. The FBR has termed this impression misleading and not based on facts.
According to the FBR, the legal framework governing exporters was amended through the Finance Act, 2024, under which exporters were shifted from a final tax regime to a minimum tax regime. This structural change is required to be properly reflected in Income Tax Returns for Tax Year 2025.
To address the risk of any bona fide errors or legal inconsistencies arising from this transition, FBR field formations were directed to examine returns and process them strictly in accordance with the law wherever discrepancies are identified. The FBR emphasized that desk audits and verification of returns are a statutory responsibility of the tax authority.
The Board further clarified that the exercise is being carried out under the supervision of FBR Headquarters to ensure uniformity, prevent misuse, and avoid unnecessary hardship for taxpayers.
Reaffirming its stance, the FBR stated that it remains committed to fair tax administration, taxpayer facilitation, and transparent implementation of tax laws in a lawful and professional manner.
