1+ day, 4+ hour 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…...

1+ day, 5+ hour 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....

1+ day, 5+ hour 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, 20+ 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…...

6+ day, 12+ 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, 12+ 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…...

1+ week, 1+ day ago   (350+ words) The Federal Government can reduce certain minimum-tax withholding rates by up to one percentage point where the tax burden threatens the economic viability of businesses. ISLAMABAD: The Federal Board of Revenue (FBR) has clarified the provisions governing the rationalisation of…...

1+ week, 1+ day ago   (335+ words) FBR says certain resident individuals who become tax residents through employment may receive an exemption on foreign-source income for Tax Year 2027, subject to specific conditions. The Federal Board of Revenue (FBR) has clarified the tax exemption available on foreign-source income…...

1+ week, 4+ day ago   (332+ words) The FBR issued S.R.O. 1497(I)/2026 on September 2, 2026, under Section 6A of the Anti-Money Laundering Act (AMLA), 2010. The notification amends the DNFBPs (Regulatory Powers and Functions) Regulations, 2020. Under the notification, the FBR has substituted the existing table in Regulation 3 with a revised table specifying…...

1+ week, 5+ day ago   (429+ words) FBR outlines conditions for claiming bad debt deductions and sets out tax treatment for subsequent recoveries and consumer loan provisions. ISLAMABAD: The Federal Board of Revenue (FBR) has clarified the rules governing bad debt deductions for Tax Year 2027 under Section…...