Islamabad, February 4, 2026 – The Government of Pakistan has announced December 2026 as the target date to implement major initiatives aimed at simplifying the country’s tax system.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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Government to strip FBR of policymaking powers in major tax reform
ISLAMABAD – The Federal Government has announced plans to fundamentally restructure the nation’s fiscal landscape by establishing an independent Tax Policy Office (TPO) under the Ministry of Finance. To facilitate this shift, the government will introduce a landmark bill to amend the Federal Board of Revenue (FBR) Act, 2007 before June 2026.
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FBR raises Blue Area property values: Check new rates for Islamabad
Islamabad: The Federal Board of Revenue (FBR) has issued updated valuation tables for immovable commercial properties located in Blue Area, Islamabad, one of Pakistan’s most expensive and high-value commercial zones.
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LTO Karachi assigns tax assessment authority for BYD Pakistan
Karachi, February 3, 2026 – The Large Taxpayers Office (LTO) Karachi has delegated tax assessment powers for BYD Pakistan to the Deputy Commissioner of Zone-II, strengthening oversight and transparency.
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Customs to auction confiscated vehicles in Peshawar on February 12, 2026
Peshawar, February 3, 2026 – The Collectorate of Customs (Enforcement), Peshawar, has announced Auction Schedule No. 14/2025-26 for the sale of confiscated and unclaimed vehicles and miscellaneous goods lying at various state warehouses across Khyber Pakhtunkhwa.
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What Is a Tax Clearance Certificate? Must-Know If Leaving Pakistan
If you are permanently leaving Pakistan, obtaining a Tax Clearance Certificate (TCC) is not optional—it is a legal requirement under Pakistan’s income tax law.
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FBR Income Tax Refund 2026: How to Apply & Get Paid Back (2026 Guide)
Many taxpayers in Pakistan pay excess income tax but never claim their refunds—mostly due to lack of awareness about the procedure. Under Section 170 of the Income Tax Ordinance, 2001 (updated for Tax Year 2026), taxpayers are legally entitled to a refund of excess tax paid.
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How to Apply for a Tax Exemption Certificate in Pakistan (2026 Guide)
Getting a tax exemption certificate in Pakistan can significantly reduce your import costs—especially if you’re setting up or expanding an industrial undertaking. Under Section 159 of the Income Tax Ordinance, 2001 (updated for Tax Year 2026), eligible taxpayers can apply for exemption from collection of tax at source on imports.
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FBR issues SRO 163 to notify new property valuation tables for Islamabad
Islamabad, February 2, 2026 – The Federal Board of Revenue (FBR) has issued SRO 163(I)/2026, formally notifying revised property valuation tables for Islamabad, aimed at aligning official values with prevailing market rates.
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FBR Sets Minimum Export Price for Mango Pulp
Karachi, February 2, 2026 – The Federal Board of Revenue (FBR) has announced the minimum export price for all types of mango pulp to standardize export valuation and support fair trade. The directive was issued through Valuation Ruling No. 1 dated January 28, 2026, under powers granted by Section 25A read with Section 25(15) of the Customs Act, 1969.
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