ISLAMABAD: The Federal Board of Revenue (FBR) has unveiled a draft framework to tax income earned by individuals from social media content. The new rules target content creators with more than 50,000 subscribers, making them liable for taxation on their earnings. Under a statutory regulatory order (SRO) issued Wednesday, the FBR said the framework applies […]
FBR Proposes Tax on Social Media Influencers Read More »
ISLAMABAD – The Federal Board of Revenue (FBR) has informed a parliamentary committee that pervasive smuggling is inflicting a staggering loss of Rs750 billion (approximately US$2.7 billion) on Pakistan’s documented economy, dealing a severe blow to the national exchequer and legitimate businesses. In a briefing to the National Assembly Standing Committee on Finance on Thursday,
Smuggling costs economy Rs750 Billion, FBR informs NA committee Read More »
ISLAMABAD: In a move that deals a blow to efforts aimed at accelerating the adoption of next-generation cellular technology, the Federal Board of Revenue (FBR) has formally rejected a proposal for the immediate reduction of taxes on imported mobile phones. The decision leaves a key demand of telecom operators and the IT ministry unmet, potentially
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ISLAMABAD: Pakistan’s salaried workforce continues to shoulder the heaviest burden of direct taxation, according to the latest report from the Federal Board of Revenue (FBR). The report reveals that during the first six months of the current fiscal year, salaried individuals paid a total of PKR 266 billion in income tax, PKR 23 billion higher
Salaried Class Bears Heaviest Direct Tax Burden: FBR Read More »
ISLAMABAD: The Chairman of the Federal Board of Revenue (FBR), Rashid Langrial, has assured the business community that traders who cannot afford the Point of Sale (POS) system will be given relief and that no trader will be harassed during tax enforcement measures. In this regard, the delegation of the Central Organization of Traders Pakistan,
FBR Chairman assures relief for small traders, vows no harassment over POS system Read More »
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to intensify action against private-practice doctors, medical clinics, and private hospitals allegedly involved in large-scale tax evasion amounting to billions of rupees. Furthermore, the decision follows a detailed data analysis conducted by the FBR, which has revealed widespread non-compliance within one of the country’s highest-earning professional
FBR moves to tighten net around private doctors over alleged tax evasion Read More »
ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has declared that the federal government is set to reduce the income tax burden on the salaried class in the upcoming budget, following direct instructions from Prime Minister PM Shehbaz Sharif. The announcement was made during a seminar organized by the Pakistan Business Council
PM Shehbaz directs tax cut for salaried class, FBR confirms Read More »
ISLAMABAD: The Prime Minister Shehbaz Sharif has attributed the record filing of 892,419 new tax returns for the tax year 2025 to the public’s growing trust in the government’s economic reforms and digitisation initiatives. In this regard, the Federal Board of Revenue (FBR), a total of 5.912 million tax returns were filed for the year
PM links record tax return filings to growing public confidence in reforms Read More »
