Taxpayers Concerned as FBR Assessment Orders Take Longer Amid New Verification System
Taxpayers in Pakistan face delays in receiving FBR Real-Time Assessments in 2025 as a new Batch Processing System is introduced, aimed at improving accuracy, minimizing errors, and ensuring compliance in income tax filings.
FBR Gains Power to Freeze Bank Accounts Over Sales Tax Registration Failure
FBR has gained new powers under the Finance Act 2025 to suspend or permanently freeze bank accounts and restrict property transfers for businesses and individuals who fail to register for sales tax under Section 14AC and 14AD of the Sales Tax Act.
FBR Releases Finalized 2025 Tax Return Forms After Weeks of Delay
The Federal Board of Revenue (FBR) has issued the finalized income tax return forms for the tax year 2025, following weeks of uncertainty. While the new forms aim to simplify filing, experts urge clarity on returns filed during the draft phase and call for a possible deadline extension.
FBR’s Rs200,000 Cash Limit to Push Retailers and E-Commerce Towards Digital Payments
FBR has capped cash transactions at Rs200,000, including e-commerce CoD orders. The move is set to push retailers and consumers toward digital payments and financial inclusion.
FBR Falls Short of FY25 Tax Target by Nearly Rs. 1.5 Trillion Despite Revisions
Pakistan’s Federal Board of Revenue missed its FY25 tax collection target by almost Rs. 1.5 trillion, signaling deep fiscal pressures even after two downward revisions.