Islamabad: The Federal Board of Revenue (FBR) has issued a major directive mandating a wide range of businesses to integrate their operations with its online system in a move aimed […]
Punjab Revenue Authority launches action against persistent tax defaulters, compiles database of non-compliant entities, strengthens enforcement units, and accelerates EIMS implementation to boost services tax collection.
The Federal Board of Revenue has introduced Buyer Verification Status in Annexure C of monthly sales tax returns, strengthening data accuracy and urging taxpayers to verify buyer details to prevent compliance issues.
FBR fails to submit reply in LHC case challenging its reward scheme as court seeks explanations from top officials over alleged misuse of public funds, raising concerns about transparency and accountability.
Pakistan’s Federal Board of Revenue has raised Rs10.22 billion through the NEV Adoption Levy during July–December FY26, reflecting stronger compliance and growing momentum toward eco-friendly transport under the Finance Act 2025.
Suppose an exporter was approved to import raw material worth Rs. 10 million under EFS. If they used Rs. 5 million worth of inputs and already exported finished goods before the allowed time, they can now import additional duty-free inputs up to Rs. 5 million — provided the product description and PCT codes remain unchanged and IOCO-approved.
FBR reports Pakistan’s tax-to-GDP ratio falling to 4.75% in 1HFY26 despite 9.55% growth in tax revenue, as GDP expansion outpaced collections, according to Ministry of Finance data.
FBR has rolled out online Form 19H, making it mandatory for taxpayers to digitally submit asset disposal details, valuation reports, and transaction documents under Section 101(7).
Punjab Finance Minister Mujtaba Shuja has acknowledged corruption within PRA, saying officials are involved in tax evasion as the government rolls out a new system to strengthen revenue collection.
The Federal Board of Revenue has censured a Customs Inspector after a detained liquor consignment was wrongly included in a destruction list, even though the court had already set aside the detention order.