NIBAF Pakistan Announces Online Income Tax Return Filing Training Workshop
NIBAF Pakistan will hold an online income tax return filing workshop on August 10, covering tax rules, FBR IRIS, wealth reconciliation, tax planning and compliance.
FBR Directs Commercial Banks to Deduct Withholding Tax in Erstwhile FATA and PATA Regions
FBR issues directive to chief executive officers of commercial banks to enforce withholding tax deductions in erstwhile FATA and PATA areas following statutory tax changes.
Auditor General Exposes Substantial Revenue Loss at Import Stage Over Incorrect Custom Clearance Tax Assessments
An official audit report identifies a massive multi-million rupee income tax shortfall within the Federal Board of Revenue due to misapplied customs clearance rates.
Federal Board of Revenue to Introduce AI Driven Digital Tax Settlements Under Finance Act 2026
The Federal Board of Revenue transitions to automated algorithmic tax settlements, allowing taxpayers to resolve disputes online without physical official interaction.
Federal Government Enforces Digital Scrutiny of High Value Bank Accounts to Combat Tax Under Reporting
Under the newly enacted Finance Act 2026, banking institutions must report accounts exceeding one hundred million rupees for automated algorithmic cross matching.
Federal Constitutional Court Validates Retrospective Super Tax to Generate Essential Fiscal Space
The apex constitutional court officially upholds Section 4C of the Income Tax Ordinance, enabling the state to collect billions from high-income corporate sectors.
FBR and Jewelry Association Deadlock Over Section 175C Monitoring Powers
Negotiations between the FBR and APGJA end without agreement as jewelry traders protest the stationing of tax officials at business premises for real-time monitoring.
Pakistan Court Dismisses Appeals Against Super Tax, Government to Gain Rs300bn
Pakistan’s Federal Constitutional Court has dismissed all appeals against the super tax, restoring Section 4B of the Income Tax Ordinance and securing over Rs300 billion in revenue for the government.
Federal Constitutional Court To Hear Super Tax Cases Including DG Khan Cement Petition
Federal Constitutional Court of Pakistan schedules hearing of high-profile super tax cases under Sections 4B and 4C of Income Tax Ordinance, impacting major corporations including DG Khan Cement.
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.