FBR updates, income tax, budgets and markets for Pakistan
164 articles
New Taxes on E-commerce Transactions in Pakistan: In the recent budget (Finance Act 2025) Government of Pakistan has taken some significant steps towards the taxation of local ecommerce industry of Pakistan. The…
FBR Extends Sales Tax & FED Return Filing Deadline for June 2025 - The Federal Board of Revenue (FBR) has officially extended the last date for filing sales tax and Federal excise…
Budget 2025 Update: FBR Broadens Definition of Online Marketplace: In the recent federal budget 2025-26, the Federal Board of Revenue (FBR) has redefined "Online Market Place" for the purpose of regularizing and…
FBR Extends Last Date to File Income Tax Returns to 31st October 2023. The Federal Board of Revenue (FBR) has announced an extension in the last date for filing income tax returns.…
Definition of Agriculture Income for Tax Exemption. The Federal Board of Revenue (FBR) has provided an explanation of agricultural income to allow for exemptions under the Income Tax Ordinance, 2001. Agricultural income…
FBR issues new active taxpayers list for Tax Year 2022. Here is the updated news regarding the active taxpayer list that the Federal Board of Revenue (FBR) on Wednesday, March 01, 2023,…
FBR achieves record growth in tax collections. Federal Board of Revenue has reported a record revenue collection performance in the first six months of the current financial year 2022-23. According to FBR:…
Sindh Revenue Board collects record revenue in December. Here is a good news that Sindh Revenue Board (SRB) has made a record revenue collection of Rs 17.6 billion in December 2022. According…
Balochistan High Court Issues Notices to FBR Regarding Section 7E. The Balochistan High Court (BHC), on Tuesday, issued notices to the Federal Board of Revenue (FBR) relating to the constitutionality of Section…
Taxpayers Alert! Time Limit for Filing ITR Passed. It is informed to all taxpayers that the due date to file an income tax return (ITR) has ended. Now, if taxpayers want to…
Taxpayers Alert! Today is Last Date to File Tax Return. Here is an Alert for taxpayers who have still not submitted their annual income tax returns for the tax year 2022. They…
Tax Year 2023 started in July 2022. Now, the first quarter of the tax year 2023 has ended as of September 2022. FBR recently released stats of what it has achieved in…
Good News Taxpayers can now adjust Previous Years' Tax Refunds against the Current Year Liability. The great news is here for taxpayers who have previous years' income tax refunds and they were…
What is the Latest News about the Extension on the Last Date for Filing Tax returns in 2022? Income Tax Return Filing Date Expires on September 30, 2022. We are a few…
FBR Imposes New Currency Declaration Requirements for Incoming and Outbound Passengers. The Federal Board of Revenue (FBR) has recently imposed a new restriction on the incoming international passengers to declare foreign currency…
Income Tax Return Filing Date Expires on September 30 2022. We are a few days away from the deadline for filing our income tax returns (ITRs) for the financial year 2021-22 (FY22).…
Tax Card for Tax Year 2021 Download Online PDF. The Tax Rates for a particular tax year is very important when we perform any calculation. Some Tax rates may change yearly after…
FBR Rebuts News Story Published by a Newspaper:. Federal Board of Revenue(FBR) has categorically rejected the news item published in a newspaper that FBR system is under a major 'cyber attack'. This…
No More Income Tax on Educational Fees Under Section 236I Previously FBR charged Advance Income Tax @5% on educational / Tuition fees of students. Chargeable to students whose parents or guardians were…
In order to facilitate the recovery of Government receipts, duties, and taxes at May 2022 end. State Bank of Pakistan decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and…