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FBR Fixed Tax Scheme for Small Traders Announced: Who Can Apply and What It Offers

The FBR Fixed Tax Scheme for Small Traders has officially been introduced, offering a simplified tax system for eligible businesses across Pakistan. The Federal Board of Revenue (F...

FBR, KTBA discuss income tax return design, taxpayer experience

FBR Launches New Income Tax Return Filing Support Service for Tax Year 2026

The Federal Board of Revenue (FBR) has introduced a new income tax return filing support service to help taxpayers resolve technical issues while submitting their Income Tax Return...

FBR achieves Rs1.71tr tax target

Collection rises 3.3% in Jul-Aug; 17.4% growth required to meet annual goal

Foreign assets disclosure scheme: Who is eligible, what it means for small taxpayers & tax payable

The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, is a one-time disclosure mechanism for eligible taxpayers who have either failed to report certain foreign...

FBR, ICAP jointly organize a seminar on income tax return filing

Government Plans to Simplify Salaried Class Tax Returns and Onboard Small Traders

Finance Minister Muhammad Aurangzeb, State Minister for Finance Bilal Azhar Kayani, and FBR Chairman Rashid Mahmood Langrial led a press conference at the Federal Board of Revenue...

Govt rolls out foreign asset disclosure scheme for small taxpayers

The Income Tax Department on Saturday notified a new voluntary disclosure scheme allowing small taxpayers to declare certain undisclosed foreign assets and income by paying an effe...

FBR exceeds July target by Rs30b

Income tax shortfall raises concerns as cabinet rejects purchase ban

Meeting reviews Asaan Tax Scheme application

FBR officials will visit Karachi every month to address grievances, facilitate businesses

CBDT Rolls Out One-Time Foreign Asset Disclosure Scheme

From August 16, a one-time window has been opened for specific taxpayers to report particular foreign assets and income. The Foreign Assets of Small Taxpayers Disclosure Scheme (FA...

Foreign assets disclosure scheme opens today: Who can declare undisclosed assets and income?

FAST-DS opens on August 16, 2026, giving eligible taxpayers a one-time window to disclose certain undisclosed foreign assets and income. The scheme will accept declarations until D...

Updated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets?

Updated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets?   The 60% vs 70% comparison can be misleading – because the two levies operate on comp...

IT Department Introduces Form 1 for Reporting Undisclosed Foreign Assets Under FAST-DS 2026

Taxpayers who wish to declare undisclosed foreign assets or foreign-sourced income under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) can file Form...

State-backed investment account offers tax-free threshold

No deemed disposal, a tax-free threshold, and no minimum contribution will be among the key features of the Government's new personal-investment account scheme.

A 'complex' 38% tax on investments will not apply to the government's new savings scheme

Every eight years, deemed disposal taxes certain investments even when there has been no sale.

Transitioning Foreign Tax Allocations and Implementing the Ten Percent Credit Disallowance Under Section 960(d)(4)

Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...

Labor group bats for P500,000 - P600,000 income tax exemption ceiling

MANILA, Philippines – While welcoming moves to raise the threshold of annual income tax exemption to P350,000, the Federation of Free Workers (FFW) on Wednesday said this should be...

PM directs FBR to develop scientific method to assess tax potential to boost revenue

Orders immediate measures to make newly established Sky47 AI national data centre available to all govt institutions

PM Shehbaz directs FBR officials to hold monthly meetings with Karachi businesses

Says regular engagement will help resolve business concerns, improve tax compliance and promote investment

A tax system based on extortion

High rates punish compliance while farms, wholesale trade stay outside the net

Income distribution in some schemes of Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund has declared income distribution under its few schemes

BIR sets interim rules for pandemic-era tax loss claims

MANILA, Philippines — The Bureau of Internal Revenue (BIR) issued temporary filing procedures allowing businesses to claim pandemic-era tax losses after its electronic systems fail...

Received FD interest this year? Here's how to calculate your tax liability before filing ITR

Interest earned on fixed deposits is fully taxable and must be reported correctly while filing your income tax return, even if the bank has already deducted TDS. Here's a step-by-s...