Over 10,500 Major Retailers Integrated into FBR’s POS System to Boost Transparency and Digital Taxation
The Federal Board of Revenue (FBR) has integrated 10,562 top-tier retailers into its Point of Sale (POS) system by September 2025, marking a major push toward documentation, digital taxation, and compliance among Tier-I retailers, including restaurants, textile, and leather businesses.
FBR Extends Income Tax Return Filing Deadline by 15 Days to October 15
The Federal Board of Revenue has extended the 2025 income tax return filing deadline by 15 days, setting October 15 as the new date following requests from taxpayers and trade bodies.
FBR Issues Clarification on Changes in 2025 Income Tax Return Form
The Federal Board of Revenue clarifies changes to the 2025 income tax return form, confirming that the new asset market value column will not affect tax liability or require taxpayers to re-file returns.
FBR Plans Record-High Rewards to Empower Whistleblowers Against Tax Evasion
The Federal Board of Revenue is drafting new rules to dramatically increase whistleblower rewards, potentially up to Rs150 million, in a bid to uncover Pakistan’s vast shadow economy and expose tax dodgers.
FBR Rejects PCA’s Rs100bn Loss Claim, Defends Faceless Customs Assessment System
The Federal Board of Revenue has dismissed Pakistan Customs Audit’s report alleging Rs100 billion losses from the Faceless Customs Assessment system, calling the claims exaggerated and factually flawed.
FBR Responds to Allegations on FCA Report Leak, Defends Digital Customs System
The Federal Board of Revenue has launched action against individuals linked to the leak of a preliminary audit note on the Faceless Customs Assessment system, rejecting claims of Rs100 billion revenue loss and reaffirming FCA’s role in driving digital transformation.
Pakistan Moves to Reform Barter Trade Mechanism with Iran, Afghanistan, and Russia
Pakistan’s Ministry of Commerce has proposed amendments to the Barter Trade Mechanism with Iran, Afghanistan, and Russia, aiming to simplify processes, expand scope, and strengthen compliance under international trade norms.
FBR Gains Power to Freeze Bank Accounts Over Sales Tax Registration Failure
FBR has gained new powers under the Finance Act 2025 to suspend or permanently freeze bank accounts and restrict property transfers for businesses and individuals who fail to register for sales tax under Section 14AC and 14AD of the Sales Tax Act.
FBR Introduces Comprehensive Customs Audit Overhaul with Data-Driven Risk Strategy
The Federal Board of Revenue has launched a sweeping reform of its customs audit framework under S.R.O.1655(I)/2025, introducing a unified, data-driven approach to enhance compliance, transparency, and alignment with global trade standards.
Revenue Without Return: The Taxpayer’s Alibi in Pakistan’s Fiscal Crisis
Pakistan’s tax crisis is less about unwilling taxpayers and more about state inefficiency, debt-driven governance, and misuse of resources. Despite record collections, citizens see little return for their contributions, leaving the fiscal system strained and trust eroded.