21+ hour, 59+ min ago   (336+ words) FBR introduces an instalment facility for sales tax on imported mobile phones under the revised Ninth Schedule. ISLAMABAD: The Federal Board of Revenue (FBR) has allowed individuals to pay sales tax on imported mobile phones in instalments, introducing a new…...

22+ hour, 26+ min ago   (626+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has significantly increased and rationalised penalties for violations of the Sales Tax Act, 1990, citing rising inflation and the need to strengthen tax compliance. The FBR explained the changes in Sales Tax Circular No....

22+ hour, 17+ min ago   (444+ words) FBR expands digital sales tax enforcement, allowing taxable goods and conveyances to be seized for bypassing prescribed monitoring systems. ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to seize and confiscate taxable goods manufactured, produced, transported or supplied…...

4+ day, 13+ hour ago   (377+ words) Rashid Mahmood Langrial reviews pending tax issues with Karachi business leaders and seeks support for retailers’ scheme. FBR Chairman Rashid Mahmood Langrial held a meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in…...

4+ day, 13+ hour ago   (339+ words) New amendment gives car dealers up to six months before registration-related fines apply to vehicles remaining at dealerships. The Sindh Assembly has approved an amendment to the provincial Motor Vehicle Ordinance, providing relief to car dealers over registration penalties on…...

4+ day, 23+ hour ago   (299+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for banks and other financial institutions to electronically provide information on account holders involved in high-value deposits and withdrawals for automated tax cross-matching. The FBR issued Income Tax Circular…...

6+ day, 6+ hour ago   (593+ words) FBR outlines rules for adjusting losses against taxable income and restrictions on set-off and carry-forward under the Income Tax Ordinance, 2001. ISLAMABAD: The Federal Board of Revenue (FBR) has explained the rules governing the set-off of losses against income for Tax…...

6+ day, 5+ hour ago   (421+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has outlined the group taxation rules for Tax Year 2027, explaining how qualifying holding and subsidiary companies can elect to be treated as a single fiscal unit under the Income Tax Ordinance, 2001. The FBR…...

6+ day, 5+ hour ago   (634+ words) FBR outlines the six-year general limit and special carry-forward periods for business losses under the Income Tax Ordinance, 2001. ISLAMABAD: The Federal Board of Revenue (FBR) has explained the rules governing the carry-forward of business losses for Tax Year 2027, including the…...

6+ day, 21+ hour ago   (411+ words) KARACHI: Pakistan’s automotive sector has significant room for growth, but policy uncertainty and delays in announcing a new automotive policy could moderate industry expansion in FY2026-27, according to Topline Securities Limited. The brokerage said Pakistani consumers currently have access to 31 vehicle…...