FBR Waives Penalties on Rs8.77 Billion Tax Liability of PIA
FBR waives penalties and default surcharge on Rs8.77 billion tax liability of PIA under Section 183, aiming to ease privatization and attract investors.
Latest Tax News
FBR Fails to Submit Reply in LHC Petition Against Reward Scheme
FBR has yet to submit its response before the Lahore High Court in a constitutional petition challenging its peer-ranking reward scheme. The plea alleges that millions of rupees were distributed to selected officials without clear legal backing, transparency, or parliamentary oversight, raising serious concerns about accountability and the use of public funds.
Pakistan Software House Urges Distinction of IT Freelancers, Remote Employees
P@SHA has urged the government to clearly distinguish between IT freelancers and remote employees in Budget 2026–27, warning that misuse of the 0.25% tax regime is creating major income disparities and draining talent from Pakistan’s IT sector.
PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns
PTBA has urged the FBR to stop field formations from imposing default surcharge on Super Tax, citing legal inconsistencies following recent court rulings on Sections 4C and 4B of the ITO 2001, and recalling earlier assurances for facilitative implementation of judgments.
FBR Clears Long-Pending Tax Refund Within Three Weeks on FTO Orders
FBR has processed a long-pending tax refund within three weeks after intervention by the FTO, highlighting improved compliance and reaffirming the role of oversight in ensuring timely resolution of taxpayer grievances.
Karachi Chamber Supports FBR Oversight of Jewelers, Urges Protection
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has endorsed the monitoring of jewelers’ business transactions by the Federal Board of Revenue (FBR), while strongly cautioning against any form […]
FBR Faces Record Tax Shortfall in FY2025-26 as Revenue Gap Nears Rs1 Trillion
Pakistan’s Federal Board of Revenue is facing a massive tax shortfall in FY2025-26, with the gap expected to approach Rs1 trillion after missing revenue targets in the first ten months, raising concerns over fiscal stability and increased borrowing pressure.
Federal Court Reserves Verdict on Challenges to Section 7E
The FCC has reserved its judgment on petitions challenging Section 7E of the Income Tax Ordinance, 2001, with the upcoming ruling expected to shape constitutional interpretation on deemed income taxation, legislative powers, and judicial authority in Pakistan.
Karachi Retailers Pay Rs6.25 Billion Income Tax in FY25
Karachi retailers contributed Rs6.25 billion in income tax during FY25, with collections rising 121% year-on-year due to stricter enforcement and improved compliance under Section 236H of the Income Tax Ordinance, 2001.
Federal Court Upholds Super Tax Under Sections 4B and 4C
FCC upholds Super Tax under Sections 4B and 4C, declaring High Courts cannot alter tax laws and reinforcing Parliament’s authority over fiscal policy.