Taxation

ISLAMABAD: As Pakistan continues its virtual negotiations with the International Monetary Fund (IMF) over the upcoming federal budget, the Federal Board of Revenue (FBR) has s

ISLAMABAD: The Supreme Court of Pakistan has reinstated the Sales Tax Amendment Act in the formerly Federally Administered Tribal Areas (FATA) and Provincially Administered Tr

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that pending tax-related cases be effectively pursued to ensure the recovery of the nation's wealth, emphasizing t

Lahore: The income tax department has failed to substantiate that transactions between two associated entities qualify as “sales,” after an audit of a yarn manufac

ISLAMABAD: The National Assembly Standing Committee on Finance has strongly criticized the Federal Board of Revenue (FBR) for bypassing parliamentary oversight with the Tax La

ISLAMABAD: The government is set to propose revenue-raising measures totaling Rs500-600 billion, with the aim of balancing these measures through significant tax relief initia

The Pakistan steel industry has urged the government to draft a clear and comprehensive policy on tax rates and tariffs to ensure stability and smooth operations for the secto

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman, Rashid Mahmood Langrial, revealed that tax evasion in Pakistan’s tobacco and poultry sectors has reached nearly R

ISLAMABAD: The Federal Tax Ombudsman (FTO) has rejected the Federal Board of Revenue’s (FBR) recent policy requiring taxpayers to change their passwords every 60 days, c

The recent introduction of the Tax Laws (Amendment) Ordinance, 2025, on May 2, 2025, has significantly altered the landscape of Pakistan’s tax system. The new law grants