Federal Board of Revenue Refutes False Social Media Claims Regarding New Bank Account Recovery Powers
Senior FBR officials clarify that no new powers have been introduced under the Finance Act 2026 to recover taxes from bank accounts without notice.
ICAP Proposes New Cryptocurrency Taxation Framework in Budget FY27
The Institute of Chartered Accountants of Pakistan has proposed a formal cryptocurrency regulatory and taxation framework for the federal budget.
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.