Pakistan: FBR seeks trader cooperation on special tax scheme
Pakistan’s Federal Board of Revenue (FBR) announced on 29 September 2026 that the special tax scheme for small shopkeepers was in its initial implementation stages and that it was working to facilitate traders and resolve issues arising during
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Pakistan: FBR launches National Faceless Centre for tax proceedings
Pakistan's Federal Board of Revenue (FBR) has announced on 25 September 2026 the establishment of the National Faceless Centre (NFC) in Islamabad, introducing a system that removes direct, in-person contact between taxpayers and tax officers during
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Pakistan: FBR tightens sales tax penalties for digital, invoice compliance
Pakistan’s Federal Board of Revenue (FBR) had introduced new sales tax provisions to strengthen enforcement against non-compliant taxpayers and address fraudulent invoicing. Under the new measures, businesses that failed to integrate with the
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Pakistan: FBR amends income tax return form for tax year 2026
Pakistan’s Federal Board of Revenue (FBR) has amended the income tax return form for tax year 2026 through SRO 1495(I)/2026 issued on 3 September 2026, introducing four new parts before the statutory filing deadline. The notification amends the
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Hong Kong, Pakistan sign customs cooperation arrangement
The Hong Kong Government announced on 12 August 2026 that it had signed a Customs Cooperative Arrangement with Pakistan. The Commissioner of Customs and Excise, Chan Tsz-tat, signed the Customs Co-operative Arrangement between Hong Kong Customs
See MorePakistan: SBP keeps policy rate unchanged
The State Bank of Pakistan (SBP) announced on Monday, 27 July 2026, that its policy rate will remain unchanged at 11.5%, with the Monetary Policy Committee (MPC) concluding that the current monetary policy stance remains appropriate to guide
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Croatia, Pakistan to commence tax treaty negotiations
Pakistan's Ministry of Foreign Affairs, in a release on 9 July 2026, announced that officials from Pakistan and Croatia met on 9 July 2026 and agreed to begin negotiations on an income tax treaty in the very near future. Both parties have also
See MorePakistan enacts Finance Act 2026 with income tax reforms, digital compliance measures
Pakistan's Federal Board of Revenue (FBR) has published the Finance Act 2026, enacted on 26 June 2026, introducing a wide range of amendments to the Income Tax Ordinance, 2001 covering personal taxation, digital tax administration, withholding
See MorePakistan reduces exemptions, accelerates tax administration digitalisation in FY2026-27 budget
Pakistan's government presented its Federal Budget for FY2026-27 on 12 June 2026, targeting PKR 20.6 trillion in revenue through higher tax collections, tax administration reforms and broader economic documentation as it seeks to maintain
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Pakistan: Court declares Section 7E property tax unconstitutional
The Federal Constitutional Court of Pakistan has struck down Section 7E of the Income Tax Ordinance, 2001, ruling that the controversial tax on deemed rental income is unconstitutional and void from the beginning. In a Short Order issued on 7 May
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Lithuania gazettes law ratifying income tax treaty with Pakistan
Lithuania published Law No. XV-818 of 16 April 2026 in the Official Gazette on 29 April 2026, approving the ratification of the income tax treaty with Pakistan. The law represents the formal legislative step required to bring the agreement into
See MorePakistan: FBR grants tax relief to construction sector under new circular
Pakistan's Federal Board of Revenue (FBR) has introduced a significant tax exemption for builders and developers through Circular No. 07 of 2025-26, addressing long-standing liquidity concerns in the construction industry on 31 March 2026. The
See MorePakistan: FBR publishes draft guidelines for e-invoicing integration for businesses
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires "integrated
See MorePakistan: Federal Constitutional Court upholds super tax
In a landmark judgement the federal constitutional court hearing the cases involving section 4B and 4C of the income tax ordinance 2001 (super tax cases), upholding super tax which is expected to fetch revenue to the tune of PKR 300 billion to the
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Lithuania: Government ratifies tax treaty with Pakistan
Lithuania’s government approved the ratification of the income tax treaty with Pakistan on 21 January 2026. Signed on 23 September 2025, this tax treaty aims to prevent double taxation and strengthen measures against tax evasion and profit
See MoreBangladesh, Pakistan review double taxation treaty
Bangladesh’s High Commissioner/Ambassador, HE Md. Iqbal Hussain Khan, met Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), reaffirming relations between the two countries. Both sides agreed to strengthen bilateral trade
See MorePakistan: FBR extends 2025 income tax return deadline
FBR extended the Tax Year 2025 corporate income tax return filing deadline to 31 October 2025, after earlier pushing it to 15 October. Pakistan’s Federal Board of Revenue (FBR) announced on 15 October 2025, that the deadline for filing of
See MorePakistan: FBR extends 2025 corporate income tax return deadline
The extension has been granted in response to requests made by various trade bodies, tax bar associations and the general public. Pakistan’s Federal Board of Revenue (FBR) announced, on 30 September 2025, that the deadline for filing of
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