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Section 114 Compliance Update: FBR Extends Income Tax Return Filing Deadline to October 31, 2025
- By Kashif Shahzad
- 17/10/2025
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The Federal Board of Revenue (FBR) has once again extended the Income Tax Return filing deadline—this time to October 31, 2025—providing much-needed relief to individuals, businesses, and tax consultants across Pakistan. The extension under Section 114 of the Income Tax Ordinance, 2001 comes amid..
🚗 From One-Third Utilization to New Brands—The Curious Case of Pakistan’s Car Industry: Lessons Behind Low Sales and Bold Expansion Moves
- By Kashif Shahzad
- 30/09/2025
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Pakistan’s auto industry is navigating a paradox. Despite factories running at only one-third of their production capacity, new brands continue to enter the market with ambitious plans. On one hand, we see long-established players struggling with declining sales due to inflation, high interest rates..
FTO’s Fast-Track Grievance Redressal Appreciated by Business Leaders: 44,370 Complaints Resolved
- By Kashif Shahzad
- 30/09/2025
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In an unprecedented development, the Federal Tax Ombudsman (FTO) has been commended by business leaders across Pakistan for its swift grievance redressal mechanism, which has successfully resolved 44,370 complaints. This achievement underscores the FTO’s commitment to strengthening trust between tax..
Section 147 Alert: 90% Advance Tax Payment Now Mandatory – ATIR Multan
- By Kashif Shahzad
- 30/09/2025
- 0 comments
In a recent ruling, the Appellate Tribunal Inland Revenue (ATIR) Multan has clarified that under Section 147 of the Income Tax Ordinance, 2001, taxpayers are now required to pay 90% of their advance tax liability during the tax year. This decision is a critical reminder for businesses and individ..
Your Guide to Section 113: Understanding the Impact of Minimum Tax on Turnover for Businesses in 2025
- By Kashif Shahzad
- 29/09/2025
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Tax compliance continues to evolve in Pakistan, and one of the most talked-about provisions for businesses in 2025 is Section 113 of the Income Tax Ordinance, 2001, commonly referred to as the Minimum Tax on Turnover. Whether you are a startup, SME, exporter, or a large-scale enterprise, understa..
Biometric Verification for Taxpayers: LTBA Recommends Secure Mobile App Integration
- By Kashif Shahzad
- 30/08/2025
- 0 comments
In a bold move toward strengthening digital governance and ensuring financial transparency, the Lahore Tax Bar Association (LTBA) has recommended the integration of biometric verification through secure mobile applications for taxpayers in Pakistan. This initiative is being positioned as a game-chan..
PTC Highlights Threats to Textile Supply Chains: Pakistan Textile Council Critiques Recent Export Policy Changes
- By Kashif Shahzad
- 30/08/2025
- 0 comments
The textile sector is the backbone of Pakistan’s economy, contributing nearly 60% of total exports and employing millions directly and indirectly. However, the Pakistan Textile Council (PTC) has raised strong concerns over the recent amendments in the country’s export policy. According to PTC, the n..
Big Update for Online Marketplaces: 1634(I)/2025 - Draft Amendment Issued on Rule 38A
- By Kashif Shahzad
- 28/08/2025
- 0 comments
Pakistan’s e-commerce sector is evolving rapidly, and regulators are taking steps to streamline compliance and enhance transparency. The Federal Board of Revenue (FBR) has recently issued Draft Amendment 1634(I)/2025 under Rule 38A of the Sales Tax Rules, a move that directly impacts online marketpl..
Game Changer for Digital Vendors: SRO 1366(I)/2025 Ends Tax on Overseas Supplies
- By Kashif Shahzad
- 18/08/2025
- 0 comments
The Federal Board of Revenue (FBR) has introduced a groundbreaking measure through SRO 1366(I)/2025, exempting digital vendors and IT service providers from sales tax on supplies made to foreign clients. This decision has been hailed as a transformative step that could boost Pakistan’s digital econo..
📌 New Law Empowers FBR to Obtain Telecom and Internet Subscriber Data to Fight Tax Evasion
- By Kashif Shahzad
- 15/08/2025
- 0 comments
Pakistan has taken another bold step in strengthening its tax enforcement framework. A new law has empowered the Federal Board of Revenue (FBR) to directly obtain subscriber data from telecom and internet service providers (ISPs). This legislation aims to curb the growing issue of tax evasion, bring..