Finance Division Takes Control of Tax Policy as Government Restructures FBR’s Role
In a major policy shift, the government of Pakistan has officially transferred responsibility for tax policy from the Federal Board…
FBR Admits Rs3.6 Trillion Sales Tax Gap, Pushes Digital Tracking for Retail Sector
The Federal Board of Revenue has admitted to a Rs3.6 trillion sales tax gap, highlighting structural challenges in Pakistan’s fragmented retail sector. Despite record enforcement claims, the FBR looks toward digital invoicing and supply chain tracking to address revenue losses.
Hyderabad Chamber Requests 48-Day Extension For Income Tax Filing Amid IRIS Portal Issues
HCSTSI urges federal government to extend income tax filing deadline by 48 days due to IRIS portal malfunctions and flooding in Punjab, KPK, and Sindh, citing hardships for traders and salaried taxpayers.
FBR De-seals Saeed Book Bank in Islamabad After POS System Dispute
The Federal Board of Revenue (FBR) has de-sealed Islamabad’s largest bookstore, Saeed Book Bank, after a dispute over POS system integration. The incident highlights the challenges faced by traditional businesses amid Pakistan’s evolving digital tax compliance framework.
FBR Tightens Digital Transaction Integration Rules for Sales Tax Registered Businesses
The Federal Board of Revenue (FBR) has tightened sales tax compliance rules, requiring all integrated businesses to offer debit/credit card, QR code, and other digital payment options, register all outlets with its system, and issue real-time e-invoices, with strict penalties for violations.
FBR Introduces E-Invoice Integration and Stricter Rules to Curb Fake Tax Invoices
The Federal Board of Revenue has amended the Sales Tax Rules 2006, introducing mandatory e-invoice integration and empowering commissioners to suspend registrations over fake invoices, aiming to boost transparency and compliance.
FBR Amends Banking Schedule to Streamline Taxable Income Reporting for Banks
The Federal Board of Revenue (FBR) has amended the banking schedule of the Income Tax Ordinance 2001 to align banking income with taxable income, introducing provisions on rental expenses, bad debts, and compliance requirements effective July 1, 2025.
FBR misses FY25 tax target despite record Rs. 11.7 trillion collection driven by enforcement
FBR collected a record Rs. 11.7 trillion in FY25, up 26% over last year, yet fell short of its Rs. 12.3 trillion target. Strong enforcement and policy actions helped narrow the gap amid slower economic growth.
FBR Expands Digital Invoicing Drive with Targeted Outreach in Quetta
FBR and PRAL continue to advance Pakistan’s digital tax ecosystem by hosting a focused seminar in Quetta, engaging local businesses on digital invoicing adoption and addressing region-specific integration needs.
PM Initiates Major Push Towards Cashless Economy with Three High-Level Committees
Prime Minister Shehbaz Sharif launches three expert committees to fast-track Pakistan’s cashless economy, expanding RAAST and forming a national digital master plan for seamless digital transactions.