The Sindh High Court (SHC) has declared a Federal Board of Revenue (FBR) office order appointing officers to monitor a private business as null and void, ruling that the tax authority’s monitoring powers are subject to legal safeguards and cannot be exercised without proper justification. During the hearing, the court observed that while the Sales […]
FBR
Finance Bill proposes major tax and compliance reforms
Islamabad: The federal government has proposed a wide range of tax, compliance and digital enforcement measures in the Finance Bill, with the new provisions expected to take effect from July 1, subject to parliamentary approval. Among the key proposals is a 15-year sales tax exemption for Pakistan International Airlines (PIA) on the purchase of aircraft. […]
Pakistan aims to bring 3.5 million shopkeepers into tax net this fiscal year
ISLAMABAD: Pakistan’s Minister of State for Finance and Revenue Bilal Azhar Kayani has announced that the government plans to bring approximately 3.5 million shopkeepers into the tax net during the current fiscal year as part of efforts to broaden the country’s tax base and strengthen the economy. Speaking during the debate on the federal budget […]
Senate panel approves penalty for overstating tax credits claims in returns
ISLAMABAD: The Senate Standing Committee on Finance has approved a proposal to impose penalties on taxpayers who falsely claim excessive tax credits in their income tax returns, as authorities move to tighten tax compliance measures. During a committee meeting, officials from the Federal Board of Revenue (FBR) informed lawmakers that individuals found claiming tax credits […]
FBR says 9,000 Pakistanis hold billions in deposits but pay no income tax
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Langrial has revealed that around 9,000 individuals in Pakistan collectively hold bank deposits worth Rs750 billion despite paying no income tax, highlighting significant gaps in the country’s tax system. The disclosure was made during a meeting of the National Assembly Standing Committee on Finance, chaired by Syed […]
Finance minister signals eventual end to super tax
ISLAMABAD: Finance Minister Muhammad Aurangzeb has indicated that the government intends to gradually phase out the super tax, describing its eventual elimination as a key policy objective. Speaking during a meeting of the Senate Standing Committee on Finance, the finance minister said the government’s direction was clear and focused on ending the super tax over […]
Govt to assign FBR tax collection target of Rs 15,000 billion
The federal government has recommended assigning a tax collection target of Rs15,000 billion to the Federal Board of Revenue (FBR) for fiscal year 2026-27. According to sources, the federal government also decided to enhance the percentage of the climate levy in the Budget 2026-27. Measures being taken to impose additional taxes amounting to Rs800 billion […]
Tax relief proposals await IMF approval before FY27 budget
The federal government is awaiting approval from the International Monetary Fund (IMF) for a package of tax relief measures ahead of the 2026-27 budget, while simultaneously negotiating new revenue-generating proposals to meet ambitious tax collection targets. Read More: Budget 2026 sees tax reform proposals According to officials, the proposed relief package includes reductions in income tax slabs for […]
FBR to monitor social media wealth of non-filers from July 2026
The Federal Board of Revenue (FBR) has decided to launch a major crackdown on non-filers who display lavish lifestyles on social media without paying taxes in line with their apparent wealth, according to official sources. Read More: FBR eyes action against non–filer social media influencers The operation is expected to begin from July 1, 2026, with monitoring of […]
FTO rules tax recovery under Section 175C without due process illegal
The Federal Tax Ombudsman (FTO) has held that obtaining tax deposits from taxpayers during proceedings under Section 175C of the Income Tax Ordinance, 2001, without subsequently determining liability through the prescribed legal process, constitutes maladministration and violates the principles of due process and fair administration. The FTO directed the Federal Board of Revenue (FBR) to […]