KTBA Urges FBR to Extend Tax Year 2026 Tax Return Deadline
Karachi Tax Bar Association urges FBR to extend the Tax Year 2026 return filing deadline, citing enhanced reporting requirements, IRIS issues and taxpayer facilitation needs.
FBR Sets Timelines For Processing Deferred Sales Tax Refund Claims
FBR has introduced stage wise timelines for processing deferred sales tax refund claims through the FASTER system to reduce pending cases and speed up refunds.
FBR Revenue Jumps 40% As Pakistan Sustains Fiscal Discipline
Pakistan records three consecutive years of primary fiscal surpluses as FBR revenue rises 40%, tax to GDP improves and digital reforms reshape tax administration.
FBR Launches Simplified Tax Scheme For Small Shopkeepers With 1% Turnover Tax
FBR promotes a simplified tax scheme for small shopkeepers featuring digital registration, flexible payment options and a 1% turnover tax for registered retailers.
FBR IRIS Portal and Digital Tax Services to Remain Unavailable Until August 10
Federal Board of Revenue will temporarily suspend IRIS, Digital Invoicing, Payment System, SWAPS and POS Registration services from August 8 to August 10 for scheduled maintenance.
FBR Forms Three Independent Case Scrutiny Committees To Review Pending Tax Litigation
FBR has established three Independent Case Scrutiny Committees in Islamabad, Lahore and Karachi to review pending tax litigation, improve legal consistency and reduce unnecessary tax disputes.
Federal Tax Ombudsman Urges FBR To Launch Faceless Income Tax Refund System
The Federal Tax Ombudsman has recommended that FBR introduce a faceless income tax refund system allowing verified refunds to be transferred directly into taxpayers’ bank accounts through automated processing.
Senate Panel Accuses FBR Officials of Concealing Crucial Tax Collection Data Amid Missing Targets
The Senate Standing Committee on Interior accused Federal Board of Revenue officials of providing misleading information to cover up failures in achieving tax collection targets.
FY27 Budget Outlook: IMF Commitments Narrow Pakistan’s Space for Broad Economic Relief
Pakistan’s FY27 federal budget is expected to prioritise fiscal discipline, IMF-linked reforms and revenue generation, leaving limited room for broad public relief despite improving economic indicators.
FBR Imposes Heavy Fines for Non-Filing of 2025 Income Tax Returns
The Federal Board of Revenue (FBR) has announced stringent fines for individuals failing to file their 2025 income tax returns on time. The new penalties include daily fines and substantial reductions for late filers.