Latest Tax News

Islamabad, Pakistan: The Federal Board of Revenue (FBR) has exposed a massive sales tax fraud scheme involving several major industries in Pakistan. Finance Minister Muhammad Aurangzeb revealed that companies in […]

Islamabad, Pakistan: The Federal Board of Revenue (FBR) is set to significantly increase the values of immovable properties across Pakistan by up to 75%. The FBR has finalized revised valuation tables […]

Islamabad, Pakistan: Finance Minister Muhammad Aurangzeb has stated that sales tax evasion by companies is responsible for 50% of the estimated Rs7 trillion tax leakage in Pakistan. Aurangzeb emphasized the need […]

Islamabad, Pakistan: Two independent tax experts have proposed the establishment of a National Tax Authority (NTA) to replace the Federal Board of Revenue (FBR). The experts, Haroon Khawaja and Dr. Ikramul […]

Islamabad, Pakistan: The Federal Board of Revenue (FBR) has collected Rs647 million under the head of point-of-sales (POS) services fee since July 2023. Out of this amount, Rs309 million has been […]

Islamabad, Pakistan: Finance Minister Muhammad Aurangzeb has announced that the government plans to introduce legislation for the imposition of tax on the agriculture sector by January 2025. The tax will […]

Islamabad, Pakistan: The government has intensified its anti-smuggling campaign by empowering authorities to confiscate vehicles and other conveyances used in smuggling operations. Prime Minister Muhammad Shehbaz Sharif has directed all relevant […]

Islamabad, Pakistan: The federal government is considering a plan to purchase properties owned by taxpayers who have undervalued their assets in their wealth statements. The Federal Board of Revenue (FBR) is […]

Islamabad, Pakistan: The Federal Board of Revenue (FBR) Chairman Rashid Langriyal has warned that the FBR will take action against non-filers starting from November 1. Langriyal stated that the number of […]