United Law Firm

30/09/2025

26/09/2025

FBR
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Press Release
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FBR Removes Estimated Market Value Column From Income Tax Return Form 2025 on the Directions of the Prime Minister of Pakistan For Facilitation of Taxpayers.
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Islamabad: 26th September, 2025.

The Honorable Prime Minister Muhammad Shehbaz Shareef constituted a Committee, chaired by the Federal Minister for Law Senator Azam Nazeer Tarar to examine the new column introduced by FBR in the IRIS tax return requiring tax filers to declare the estimated fair market value of moveable and immovable assets, assess its implications for the tax filers, and recommend corrective measures or improvements.

The Committee comprised of the Federal Minister for Petroleum, Minister of State for Finance, Attorney General for Pakistan, SAPM on Coordination of Office of DPM, Secretary Finance, Chairman FBR, and Member Customs FBR.

The Committee held a meeting on Friday 26 September. After detailed deliberations, the Committee recommended that the new column introduced in the IRIS tax return, requiring the declaration of estimated fair market value of moveable and immovable assets by the tax filer, may be removed in the interest of simplifying the tax filing process.

The recommendation was submitted to the Honorable Prime Minister. The Honorable Prime Minister has approved the recommendation of the Committee.

In pursuance of the directions of the Honorable Prime Minister, and keeping in view the difficulties being faced by taxpayers, the column of “Estimated Fair Market Value” has been removed from the Income Tax Return.

It is clarified that the said column had been introduced solely for the purpose of data collection to support the Economic Survey and had no bearing whatsoever on the assessment of income or tax liability.

FBR remains committed to facilitating taxpayers in every possible way and urges all eligible taxpayers to file their returns accurately and with honesty before the deadline of 30th September, 2025.
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26/09/2025

https://www.brecorder.com/news/40384651/wealth-statement-format-surreptitiously-altered-fto-orders-probe-against-fbr

FTO Dr. Asif Jah has ordered an *investigation against the (FBR) for secretly altering the Wealth Statement format for TY 2025, just days before the filing deadline of September 30, 2025*…….on a public interest complaint filed by Lahore-based tax lawyer Waheed Shahzad Butt, the *FTO has summoned the Secretary Revenue Division, Member (Operations-IR), Member (Policy), Member (Legal), and DG (IT & DT) of the FBR* for a hearing... The officials have been directed to appear along with para-wise comments on the issue.

FBR’s move is a “blunt violation of law,” disregarding the clear provisions of Sections 114, 115, and 116, read with Rule 73 The requirement to furnish a subjective estimated current market value is arbitrary and unreasonable. It compels taxpayers to guess, with no objective basis, the value of their assets, thereby exposing them to potential harassment, litigation, and unjustifiable demands from FBR officials

ISLAMABAD: Federal Tax Ombudsman Dr. Asif Jah has ordered an investigation against the Federal Board of Revenue...

26/09/2025

*صدرپاکستان ٹیکس بارصدرکراچی کراچی ٹیکس بارانورکاشف علی اےرحیم کی مشترکہ پریس کانفرنس*

گوشوارے جمع کرانےکےآخری پانچ روزمیں ترمیم ناقابل قبول ہے

ترمیم میں ویلیوکی نئی شق کوواپس لیا جائے

آئرس سافٹ وئیرمیں پیچیدگیوں کو ختم کیا جائے

ہم نےٹیکس ریٹرن فائل کرنا فی الحال بند کردیا ہے

ٹیکس گوشوارے جمع کرانےکی تاریخ میں فی الفور ایک ماہ کی توسیع کی جائے

انفرادی طور پرگوشوارے جمع کرانےوالے شدید پریشانی سےدوچار ہیں

23/09/2025

23/09/2025

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06/08/2025

Good News for Taxpayers!
FBR has finally removed the mandatory QR code requirement for logging into the IRIS portal.
This update will ease access for many users who were facing issues due to the QR code login step. You can now log in using your credentials directly without scanning a QR code.

28/06/2025

Advance Tax Rate on Purchase & Sale of Immovable Property U/s 236-K or 236-C

18/06/2025

*New Definition introduced as per Budget 2025-26*
FBR has launched certificate of Eligibility for the purchase of Property and Vehicle. Now every taxpayer is required to get this certificate before making any purchase.