FBR Faces Rs129bn Tax Shortfall in First Four Months of FY27
ISLAMABAD: The Federal Board of Revenue (FBR) has faced a tax shortfall of Rs129 billion during the first four months (July-October) of the current fiscal year, despite recording a 7%…
IMF Allows PM’s Fuel Subsidy with Conditions, Seeks Cap on Beneficiaries
ISLAMABAD: The International Monetary Fund (IMF) has agreed in principle to the government’s fuel subsidy for consumers, but has demanded that the scheme remain restricted to small vehicles and that…
FBR to crack down on 1 million retailer non-filers after poor response to fixed tax scheme
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to intensify enforcement against retailer non-filers after the 1% fixed tax scheme received a poor response, with officials informing the Senate…
FBR detects Rs9.41bn wealth statement manipulation, launches 48 criminal inquiries
ISLAMABAD: The Federal Board of Revenue (FBR) has launched 48 criminal inquiries after detecting alleged manipulation of wealth statements involving previously undeclared assets worth Rs9.41 billion, as part of a…
FBR extends income tax return filing deadline to October 15
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for Tax Year 2026 by 15 days to October 15, providing additional time to…
Income Tax Returns: September 30 Deadline Ends Today as FBR Warns Taxpayers of Penalties
FBR says individuals and AOPs must file returns by September 30; taxpayers urged to submit supporting documents and accurate asset details ISLAMABAD: The deadline for filing income tax returns for…
FBR Sets Rs195 per 1,000 Views Formula to Tax Social Media Income
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new mechanism to tax income earned from remunerative social media content, prescribing Rs195 per 1,000 YouTube views as the revenue-per-mille…
FBR Sets Minimum Retail Prices for Ghee, Cooking Oil to Curb Tax Evasion
ISLAMABAD: The Federal Board of Revenue (FBR) has fixed minimum retail prices for ghee and cooking oil, with September 2026 prices ranging from Rs500 to Rs588 per kilogram/litre, to curb…
FBR to publicly name fake invoice issuers, automatically reverse buyers’ tax credit
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to publicly disclose the names and sales tax registration numbers of persons found involved in issuing fictitious or fake sales tax…
FBR Reportedly Imposes Rs80/Litre FED on Three Petroleum Products to Curb Adulteration
Monitoring Desk ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly imposed Federal Excise Duty (FED) of Rs80 per litre on petroleum top naphtha, white spirit/mineral turpentine oil (MTT) and…