Tax
15 articles · Pakistan tax guides and FBR updates
15 articles · Pakistan tax guides and FBR updates

The FBR is preparing to bring cryptocurrencies, NFTs, and virtual assets under Pakistan’s tax net. The new framework may include capital gains tax, business income treatment for mining, and offshore asset disclosure rules in line with IMF and FATF guidelines.

Pakistan’s government is considering a fresh wave of tax increases, targeting mobile usage, solar panel imports, and bank cash withdrawals. The move is part of a broader effort to meet fiscal targets and expand the tax base, though critics warn it may burden consumers already grappling with inflation.

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.

The Punjab government has collected over Rs 133 billion in just four months through its ePay Punjab platform. The digital system, handling taxes and fees across 18 departments, shows rapid growth in online payments and improved transparency in provincial revenue collection.

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.

In a move that could directly impact millions of households and businesses, the Pakistani government is weighing new tax measures on solar panels and internet services as part of its latest fiscal discussions with the International Monetary Fund (IMF). These proposals are part of a contingency plan, a financial backup to be used only if the … Read more

When Finance Minister Muhammad Aurangzeb unveiled Pakistan’s federal budget for FY 2025–26 on June 10, 2025, one of the most discussed measures was the introduction of an 18% general sales tax on imported solar panels. As Pakistan experiences a surge in solar adoption, this move—aimed at nurturing the local solar manufacturing industry—has left many weighing its long-term impacts. Let’s … Read more

The Federal Board of Revenue (FBR) is preparing to take a bold and strategic step in the upcoming Budget 2025–26. The authority plans to eliminate the 4% “further sales tax” that currently applies to supplies made by registered enterprises to unregistered buyers. Although this measure will lead to a temporary dip in revenue collection, the … Read more

As Pakistan prepares to unveil its federal budget for the fiscal year 2025–26, a significant policy shift is on the horizon: the government plans to prohibit tax non-filers from purchasing property and vehicles. This measure aims to broaden the tax base and fulfill commitments made to the International Monetary Fund (IMF) under the ongoing loan … Read more

As Pakistan prepares to unveil its federal budget for the fiscal year 2025-26 on June 10, recent developments in negotiations with the International Monetary Fund (IMF) have brought significant changes to the proposed fiscal policies. The IMF has agreed to provide tax relief for the salaried class while rejecting the government’s proposal to impose taxes … 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