Category: Income Tax

The Pakistan Software Export Board (PSEB) has launched a dedicated registration and renewal process for freelancers to help them access official recognition, tax incentives, and government benefits. This initiative aims to bring freelancers into the documented economy, streamline income verification for tax compliance, and connect them with digital payment and export facilitation programs. The step marks a major milestone in formalizing Pakistan’s growing freelance sector.

Around one-third of Pakistani taxpayers declared zero income this year, triggering a sweeping FBR audit campaign. The crackdown aims to expose tax evasion, expand the revenue base, and restore credibility to Pakistan’s fragile fiscal system.

Pakistan’s Federal Board of Revenue (FBR) has extended the income tax return filing deadline to October 31, 2025. The move provides relief to taxpayers facing portal glitches and documentation delays, with officials confirming no further extensions.

When Pakistan rolled out its budget for fiscal year 2025–26 in June 2025, it promised a measure of relief for salaried workers, an increasingly vocal segment in a country grappling with inflation and widening fiscal deficits. But as with many government measures, the impact depends on who you are: a low-income urban worker, a mid-level … Read more

The federal budget for fiscal year 2025–26, unveiled on June 10, 2025, introduces significant reforms targeting the salaried class in Pakistan. These reforms strike a balance between targeted tax relief for low- and middle-income earners and increased revenue mobilization from higher-income brackets. Here’s a detailed analysis of what the changes mean for salaried individuals. 1. Tax Slab Revisions: Relief … Read more

What is a “Return of Income”? The Return of Income is a Form filed by a person to the Income Tax Department. It contains details of the person‟s annual income(s). Obligation to File Income Tax Declarations Who is required to submit a return of income? 1. Every company irrespective of any conditions, whether earning exempt income, … Read more