ISLAMABAD: The Senate Standing Committee on Finance has approved a proposal to impose penalties on taxpayers who falsely claim excessive tax credits in their income tax returns, as authorities move to tighten tax compliance measures. During a committee meeting, officials from the Federal Board of Revenue (FBR) informed lawmakers that individuals found claiming tax credits […]
Tax returns
PM Shehbaz credits FBR reforms for record rise in tax return filings
ISLAMABAD — Prime Minister Shehbaz Sharif on Saturday linked the filing of 892,419 new tax returns for tax year 2025 to growing public confidence in the government’s reform and digitisation agenda. His statement followed the Federal Board of Revenue’s (FBR) announcement that 5.912 million tax returns were filed for 2025 — up from 5.025 million […]
PM Shehbaz praises record tax filings as FBR revenue soars
Prime Minister Shehbaz Sharif praised Federal Board of Revenue (FBR) officials for a record 5.9 million tax returns filed in FY2025. He said that 900,000 new taxpayers joining the system show strong public trust in government policies. The PM thanked citizens for fulfilling their responsibility and noted that tax reforms are delivering positive results. Sharif […]
Tax filing system should be simplified: FM
The Federal Board of Revenue (FBR) was approached by Finance Minister Asad Umar for simplifying the tax return system. The minister asked them to make easier forms with a decreased number of questions. The minister was addressing an event on which he mentioned, “The amount of questions FBR asks you for your returns is more […]