12+ hour, 16+ min ago  (538+ words) Chartered accountants call for lower sales tax rates and wider incentives to boost documentation and expand the sales tax net. The Institute of Chartered Accountants of Pakistan (ICAP) has expressed concern over a decline in active sales tax registrations and…...

1+ day, 1+ hour ago  (256+ words) Chartered accountants seek revision of outdated cash payment thresholds to reflect inflation and ease compliance burden on businesses. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed increasing cash transaction limits for salary payments and other business expenditures through…...

1+ day, 25+ min ago  (422+ words) Medium Taxpayers" Office Karachi surpasses revenue goal with strong income tax and sales tax growth, boosting FBR"s fiscal outlook. The Medium Taxpayers" Office (MTO) Karachi has exceeded its tax collection target for May 2026, achieving the milestone two days before…...

1+ day, 9+ hour ago  (314+ words) FBR chairman Rashid Mahmood Langrial to assess tax collection performance and enforcement measures during key June visit. Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), is scheduled to visit Karachi on June 1, 2026, to review tax collection performance…...

1+ day, 23+ hour ago  (297+ words) Tax offices to remain open on Saturday and Sunday as authorities move to boost revenue collection ahead of fiscal close. The Federal Board of Revenue (FBR) has declared Saturday and Sunday, May 30 and 31, 2026, as normal working days for major tax…...

2+ day, 14+ hour ago  (405+ words) Chartered accountants" body seeks mandatory 48-hour notice and transparent audit selection to protect taxpayer rights. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that tax authorities should be required to issue prior notice before entering taxpayers" business premises…...

2+ day, 14+ hour ago  (392+ words) Chartered accountants" body calls for clearer rules and alignment of advance tax mechanism for builders and developers. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed amendments relating to taxation of builders and developers under Section 7 F of the…...

1+ week, 3+ day ago  (229+ words) Shift toward solar energy cited among major reasons behind lower tax collection The Federal Board of Revenue (FBR) recorded a nearly 30% decline in withholding income tax collection through electricity bills from Karachi during the first 10 months of fiscal year 202526, according…...

3+ week, 21+ hour ago  (324+ words) Federal Board of Revenue has warned taxpayers of strict legal action for failing to declare property details in income tax returns for tax year 2026. The tax authority said it already possesses withholding tax data related to property transactions and will…...

3+ week, 5+ day ago  (241+ words) ISLAMABAD, May 4, 2026 " The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8. 77 billion payable by Pakistan International Airlines (PIA). According to a notification issued on Monday, the FBR stated that…...