The FBR has announced that all companies must submit their annual returns and financial statements by 31st December 2025. No automatic extensions will be granted, and late submissions without prior approval may incur penalties.
FBR orders strict tax scrutiny of major exporters in Karachi, Lahore, and Islamabad after a sudden drop in reported taxable income, warning of legal action for underreporting.
PRA conducted inspections of 58 food outlets and marquees in Lahore, Rawalpindi, Jhelum, Taxila, and Bahawalpur, seizing records from 11 outlets, including major chains, for sales tampering, unreported taxes, and E-IMS non-compliance.
The Federal Board of Revenue has removed a Karachi tax official from service after an inquiry proved he illegally accessed FBR’s database, issued fake notices and orders to dozens of taxpayers, and operated a parallel system using forged official authority.
The FBR’s Lifestyle Monitoring Cell has flagged a prominent Lahore actress for potential tax evasion after her wedding expenses of Rs67.7 million were found inconsistent with her declared income. A full audit and possible penalties are being recommended under Section 111 of the Income Tax Ordinance.
The Federal Board of Revenue has outlined a robust mechanism, including trader-wise quotas and automated WeBOC monitoring, to ensure tax-exempt imports into Gilgit-Baltistan are used exclusively within the region and do not impact businesses elsewhere in Pakistan.
Traders in the federal capital have threatened large-scale protests and road blockades if the government does not withdraw the mandatory POS policy, saying it unfairly targets small traders and increases costs through penalties and shop sealings.
The Federal Board of Revenue has organized a tax awareness session for the business community at FPCCI Islamabad, providing step-by-step guidance on online tax filing and reinforcing its commitment to voluntary tax compliance and stakeholder engagement.
Acting on an intelligence agency report, the Federal Board of Revenue has sealed two sugar mills in Central Punjab for serious breaches of sales tax laws and suspended six Inland Revenue officials, reaffirming its zero-tolerance policy against tax evasion in the sugar industry.
The Federal Board of Revenue has revised the Inland Revenue Reward Rules, limiting rewards for meritorious services to 24 salaries per employee in a financial year, while introducing a new evaluation mechanism.