ATIR Ruling Reclassifies Banking IT Assets as Plant and Machinery for Tax Benefits
The Appellate Tribunal Inland Revenue has ruled that banking computers and office equipment now qualify as plant and machinery under Section 23 for better tax depreciation.
FBR Mandates Nationwide POS and E-Invoicing Integration for Registered Businesses Under New Digital Tax Framework
The Federal Board of Revenue issues SRO 288(I)/2026 requiring a broad range of registered businesses to integrate POS and e-invoicing systems with its digital tax network to strengthen documentation and compliance.
Pakistan Petroleum Limited Challenges Rs 7.5 Billion in Tax Demands from FBR
Pakistan Petroleum Limited contests over Rs 7.5 billion in sales and income tax demands issued by FBR, files appeals while reviewing Federal Constitutional Court ruling on super tax.
Soneri Bank Flags Multi-Billion Rupee Tax Disputes in 2025 Annual Report Filed with PSX
Soneri Bank Limited discloses significant tax contingencies and ongoing disputes with FBR in its 2025 annual report, including windfall tax claims and multi-year assessments under appeal.
PTBA Calls on FBR to Stop Unequal Enforcement of Section 7E Property Tax in Punjab and Sindh
Pakistan Tax Bar Association urges FBR to ensure uniform enforcement of Section 7E property tax, citing discriminatory treatment of taxpayers in Punjab and Sindh despite High Court rulings.
FBR Defends Retrospective Super Tax Powers Before Federal Constitutional Court
FBR argues before the Federal Constitutional Court that Parliament has full authority to impose taxes retrospectively, as hearings continue on challenges to Super Tax under Section 4C.
FBR Scrutiny of Top Exporters Sparks Concern Over Pakistan’s Export-Led Growth Strategy
Pakistan’s FBR has ordered scrutiny of tax records of 480 leading exporters following changes in export taxation, triggering concern among business groups over harassment and risks to export-led growth.
FBR to Publicise Civil Servants’ Assets to Meet IMF Governance Condition
The Federal Board of Revenue has issued a draft to amend asset declaration rules for Grade 17-22 officers, making their assets publicly accessible to meet IMF transparency conditions and strengthen governance.
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.