Taxation

ISLAMABAD: The Federal Board of Revenue (FBR) has released detailed guidelines regarding tax exemptions on the sale of immovable property, as part of the changes introduced th

ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed it will recover the outstanding Federal Excise Duty (FED) dues from Pakistan International Airlines (PIA) after the

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday approved the development of a comprehensive, world-class digital ecosystem for the Federal Board of Revenue (FBR) to stren

ISLAMABAD: The federal government has reportedly imposed an 18% sales tax on the import of cotton fiber, yarn, and greige cloth, nearly a month after the announcement was

ISLAMABAD: The Prime Minister’s Office announced on Wednesday that the retail sector paid an additional Rs455 billion in income tax during the fiscal year 2024–25.

KARACHI: Prime Minister Shehbaz Sharif on Wednesday commended the Federal Board of Revenue (FBR) for its successful reform initiatives, as the number of income tax return file

ISLAMABAD: The Federal Board of Revenue (FBR) has officially announced the implementation of a New Energy Vehicle (NEV) adoption levy, targeting internal combustion engine (IC

ISLAMABAD : The federal cabinet on Wednesday approved a five-year extension of the exemption on the import of life-saving medicines, including anti-cancer and cardiac drugs, t

ISLAMABAD: The federal cabinet has approved a 15% increase in pensions provided by the Employees’ Old-Age Benefits Institution (EOBI), effective from January 1, 2025. Th

KARACHI: The Karachi Tax Bar Association (KTBA) has formally written to the Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, raising serious concerns r