The federal government has proposed a simplified fixed tax system for small traders and shopkeepers in the budget for fiscal year 2026-27. The initiative aims to make tax compliance easier for small businesses while reducing administrative hurdles that often discourage participation in the formal tax system. Officials believe the measure can help broaden the tax […]
tax compliance
FBR faces challenge in meeting March tax target
The Federal Board of Revenue (FBR) is reportedly struggling to meet its tax collection target for March 2026, raising concerns over a significant shortfall in revenues. Read More: PM directs FBR to expand automated monitoring to boost tax revenue Officials stated that the FBR had set a monthly tax collection target of Rs1,367 billion for March. However, preliminary assessments […]
FBR orders businesses to link with digital tax system in a week
ISLAMABAD: The Federal Board of Revenue (FBR) has directed a broad range of businesses and service providers to link their operations with its digital tax system within one week, according to a newly issued notification aimed at strengthening documentation of economic activity. Read More: FBR rolls out AI-driven audit for seven million returns Under the directive, […]
FBR to collaborate with KATIon non-filers
KARACHI: The Federal Board of Revenue (FBR) will coordinate with the Korangi Association of Trade and Industry (KATI) and other trade bodies to identify and register non-filers, officials said on Friday. The announcement was made by Ahmed Kamal, Chief Commissioner of the Inland Revenue Service, during his visit to KATI. Read More: KATI urges federal, […]