FBR Chairman Rashid Mahmood Langrial announced the government will phase out the Super Tax to reduce pressure on corporates and multinationals. The move is part of broader tax rationalization efforts, including plans to raise Pakistan’s tax-to-GDP ratio to 18% by FY28 and improve transparency in key sectors.
The FBR has broadened Pakistan’s asset disclosure regime by requiring BPS-17 and above officials across federal, provincial and state-owned bodies to publicly declare their assets. The move, notified through SRO 2263, aims to create a uniform and transparent accountability framework.
The Lahore High Court’s Rawalpindi Bench has dismissed FBR’s objection to its jurisdiction in a petition challenging 40% taxes on sanitary pads, directing federal authorities to submit clause-wise replies within two weeks. The case highlights concerns over discriminatory taxation affecting millions of women.
The Federal Board of Revenue has set up two check posts near the AJK border—at Kohala Bridge and Nakoder—to monitor goods originating from tax-exempt areas. Officials will inspect vehicles and verify documents to prevent revenue leakage and ensure compliance with sales tax rules.
High mobile taxes in Pakistan are fueling a grey market, as official data shows iPhones have the smallest registration share despite high market value. Critics and a National Assembly member call for an urgent tax policy review.
ISLAMABAD: The Federal Board of Revenue (FBR) announced on Wednesday that all Large Taxpayer Offices (LTOs), Medium Taxpayer Offices (MTOs), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs) will […]
The Punjab Revenue Authority (PRA) is planning significant reforms, including the establishment of a dedicated commissionerate for large taxpayers in Lahore. The authority aims to enhance efficiency through FBR-style restructuring, real-time performance monitoring, IT upgrades, and stricter oversight of enforcement and audit functions.
The Federal Board of Revenue has intensified audits across doctors, beauty parlours, and the paint sector. Over 600 private auditors have been engaged to ensure compliance and capture previously untaxed income.
The IMF’s insistence on applying full GST on petroleum products has blocked Pakistan’s refinery upgrade plans, with refineries unable to claim input tax adjustments. The deadlock risks the Brownfield Refinery Policy 2023, aiming to modernize local refineries and boost fuel production.
Finance Minister Aurangzeb was briefed on the FBR’s digitisation efforts, including data sharing and automation initiatives aimed at modernizing tax administration, identifying tax evaders, and enhancing revenue collection.