FBR Drafts Income Tax Rule Changes for Shipping, ATL and Tax System Integration
FBR has proposed amendments to the Income Tax Rules, 2002 covering non-resident shipping operators, automated return scrutiny, late-filer ATL inclusion and tax credits for system integration.
FBR Wealth Statement Rules for Tax Year 2027 Cover Assets, Liabilities and Spending
FBR can require individuals to submit detailed wealth statements for Tax Year 2027, including information on assets, liabilities, foreign holdings and expenditures.
FBR Tax Filers Rise 45% as Tax Paid With Returns Falls to Rs77.3 Billion
FBR records 5.77 million income tax returns by September 30, 2026, marking a 45% increase in filers while tax paid with returns declines 7% to Rs77.3 billion.
FBR Taxpayers Can Complete Biometric Verification Through NADRA PakID App
Taxpayers can now update biometric verification for sales tax registration through the NADRA PakID App by completing facial liveness and fingerprint verification.
FBR Extends Tax Year 2026 Return Deadline to October 15
FBR extends the Tax Year 2026 income tax return filing deadline from September 30 to October 15 amid a sharp rise in filing activity.
FBR Can Seal Businesses That Fail to Connect to Monitoring System
FBR amendments to Sales Tax Rules allow authorities to seal registered business premises that fail to connect required monitoring systems to its network.
FBR Tax Collection Crosses Rs3 Trillion in First Quarter of FY27
FBR provisionally collects Rs3.072 trillion in taxes during July-September FY27, exceeding the quarterly target by around Rs19 billion.
Karachi Tax Bar Urges FBR to Fix IRIS Issues Before Tax Year 2026 Filing Deadline
Karachi Tax Bar Association urges FBR to address IRIS downtime, excessive data requirements and technical issues affecting Tax Year 2026 return filing.
FBR Uncovers Rs9.41bn Wealth Statement Fraud Involving 85 Taxpayers
FBR detects wealth statement manipulation involving Rs9.41bn in unexplained assets, with 48 criminal inquiries launched across Pakistan.
FBR Addresses Registration Issues Under Special Tax Scheme for Small Shopkeepers
FBR says the special tax scheme for small shopkeepers is in its initial implementation phase and urges traders facing registration problems to seek direct assistance.