Taxation

ISLAMABAD: Despite imposing record taxes and pushing households to the brink, the federal government missed its annual tax revenue target by a staggering Rs1.2 trillion,

KARACHI: The Karachi Tax Bar Association (KTBA) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for implementing sales tax e-invoicing and int

ISLAMABAD: The federal government has agreed to exempt income tax on annual salaries of up to Rs1.2 million, following demands from the Pakistan Peoples Party (PPP), pavi

ISLAMABAD: The amended Finance Bill 2025-26 introduces key changes across tax and customs laws, including relief for long-term homeowners and revised duties on imported goods,

ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Monday that the government is withdrawing sales tax and duty exemptions on imported cotton and yarn in a move to su

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday unveiled a series of tax adjustments aimed at offsetting the revenue impact of tax relief extended to the sal

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced sweeping changes to the Sales Tax Act aimed at strengthening anti-fraud measures and enhancing transparency in enf

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb unveiled major relief measures for salaried individuals and the solar energy sector in his budget speech for fi

ISLAMABAD: In a significant victory for formal retail businesses, the Federal Tax Ombudsman (FTO) has issued a decisive ruling restraining the Federal Board of Revenue (FBR) f

ISLAMABAD: The Federal Board of Revenue (FBR) chairman, Rashid Mahmood Langrial, announced that the FBR will freeze the bank accounts of non-filers in the fiscal year 2025-26