FBR Announces Key Tax Amendments 2025
The Federal Board of Revenue (FBR) has issued Income Tax Circular No. 1 of 2024-25, detailing significant changes introduced under the Finance Act 2024. Key Changes: 100% Tax Credit: Entities […]
Latest Tax News
Punjab Revenue Authority (PRA) to Launch New Sales Tax Return System
The Punjab Revenue Authority (PRA) is set to introduce a new online platform for filing sales tax returns in August 2024. This move is aimed at streamlining the tax filing […]
FBR Faces Backlash Over Refund Delays
The Appellate Tribunal Inland Revenue (ATIR) has criticized the Federal Board of Revenue (FBR) for employing tactics to delay and deny legitimate tax refunds. The tribunal has observed that the […]
FBR Imposes Higher Taxes on High-End Mobile Phones
The Federal Board of Revenue (FBR) has significantly increased taxes on high-end mobile phones through amendments to the Sales Tax Act, 1990 and the Federal Excise Act. The new tax […]
Sindh Increases SST Rates Withdraws Discount on Card Payments
The Sindh government in Pakistan has implemented a revised sales tax structure for the 2024-25 fiscal year, aiming to increase revenue generation. Here’s a breakdown of the key changes: Sales […]
FBR Imposes Fixed Monthly Taxes on High-End Shops under Tajir Dost
The Federal Board of Revenue (FBR) has implemented a new tax regime targeting high-end shops under Tajir Dost Scheme in major cities across Pakistan. This policy involves fixed monthly tax […]
FBR Loses Tax Case Involving (WPPF)
The Federal Board of Revenue (FBR) has suffered a setback in its efforts to tax funds transferred to the Workers Profit Participation Fund (WPPF) by a beverage company. FBR’s Tax […]
FBR to Increase Property Valuations and Expand Tax Net
The Federal Board of Revenue (FBR) is set to significantly increase property valuations across Pakistan, aiming to bring them closer to market rates. This move is part of the government’s […]
FBR Issues Asset Declarations Deadline for Officials
A Step Towards Greater Transparency The Federal Board of Revenue (FBR) has issued a directive requiring all its officers and officials, including members of the Inland Revenue Service (IRS) and […]
FTO Intervenes to Address Excess Tax Deductions from Salaries
The Federal Tax Ombudsman (FTO) has uncovered a systemic issue affecting salaried individuals in Pakistan. District Accounts Offices (DAOs) have reported a lack of clear guidelines from the Federal Board […]