A major reshuffle in the Federal Board of Revenue (FBR) is on the cards as Pakistan gears up for the presentation of the fiscal year 2025-26 (FY26) budget. This sweeping administrative overhaul is expected to be carried out in the coming weeks and is likely to impact several key positions within the tax machinery. The […]
In a significant policy move aimed at broadening the tax base and increasing revenue, the Federal Board of Revenue (FBR) has announced plans to impose higher taxes on online buying and selling platforms. As e-commerce continues to grow rapidly in the country, the government is turning its attention to digital marketplaces that have, until now, […]
Islamabad, February 12, 2025 – In a positive development for car buyers, Federal Board of Revenue (FBR) Chairman has announced policy changes aimed at reducing car prices for budget-conscious consumers. This move comes as the government pushes for greater accessibility to vehicles while ensuring compliance with tax regulations. Major Announcements for the Auto Industry The […]
Photo Credit: Daily Times The date for filing income tax returns has now been extended to November 30th, 2022. The Federal Board of Revenue (FBR) has achieved their target of Rs. 2.14 trillion in the last four months, however, they are now struggling with keeping the pace amidst the reduction in income tax returns filers. […]
