Federal Board of Revenue Announces Scheduled System Maintenance Downtime
FBR announces planned maintenance activity affecting IRIS, Digital Invoicing, payment systems, and POS registration from August 8 to August 10, 2026.
FBR Excludes Trade Agreement Customs Concessions From Tax Expenditure Report 2026
The Federal Board of Revenue excludes custom duty concessions granted under FTAs and PTAs from its 2026 Tax Expenditure Report citing international treaty commitments.
Uncertainty Surrounds Refund Claims as Federal Constitutional Court Strikes Down Deemed Rental Income Tax
Federal Constitutional Court declares deemed rental income tax unconstitutional, leaving taxpayers uncertain over refund mechanisms following Finance Act 2026 repeal.
FBR Introduces Final Tax Regime for Life Insurance and Takaful Proceeds Under Finance Act 2026
FBR enacts a Final Tax Regime imposing withholding tax on life insurance and takaful payouts, while exempting policies held for over four years and death claims.
Federal Board of Revenue Introduces Automated Banking Data Framework to Boost Tax Compliance
The Federal Board of Revenue will receive automated financial data from banks and EMIs under the Finance Act 2026 to detect high-value tax discrepancies.
FBR Restricts Operations of 150 Jewellers Bank Accounts Over Compliance Failures Under Anti-Money Laundering Framework
The Federal Board of Revenue instructs 29 banks to freeze debit transactions across 150 accounts belonging to jewellers due to persistent AML compliance violations.
Prime Minister Shehbaz Sharif Directs Complete Digitisation of Foreign Remittances
Prime Minister Shehbaz Sharif orders 100 percent digitisation of foreign remittances and steps up the national transition toward a cashless economy.
Federal Government Imposes Wide Ranging Regulatory Duties on Hundreds of Imported Goods Under New Customs Notification
The Ministry of Finance and Revenue has issued SRO 1064(I)/2026, introducing regulatory duties ranging from 0.8 percent to 20 percent on hundreds of imported consumer and industrial items.
FBR Demands Rs 2.2 Billion in Salary Tax Recovery From PIA
The FBR demands that Pakistan International Airlines immediately deposit over 2.217 billion rupees in withheld income tax deducted from employee salaries since mid-2025.
Finance Ministry Rules Out Additional Tax Cuts or Salary Relief for Salaried Class
The Finance Ministry confirmed it cannot provide further relief to the salaried class due to tight fiscal constraints and ongoing IMF discussions.