As of 18 August 2026, the Federal Board of Revenue (FBR) collaborated with the Institute of Chartered Accountants of Pakistan (ICAP) to conduct a seminar focused on income tax return filing procedures for Tax Year 2026. The initiative aligns with the Income Tax Ordinance, 2001, and aims to enhance taxpayer awareness of electronic filing requirements under Section 114 and the latest directives from the FBR’s Revenue Division. The seminar forms part of FBR’s broader strategy to improve compliance rates and reduce the tax gap through capacity building of tax professionals.
Key Takeaways
- Updated E‑Filing Guidelines: Participants received detailed walkthroughs of the IRIS portal enhancements, including new validation checks for salary, business, and capital gains income.
- Foreign Income Reporting: The session clarified the submission of foreign‑source income and assets under the Common Reporting Standard (CRS) framework, emphasizing the use of Form 11‑F for accurate disclosure.
- Practical Compliance Tools: Hands‑on exercises demonstrated how to generate acknowledgment slips, rectify erroneous entries, and utilise the FBR’s taxpayer assistance centre for timely resolution of filing issues.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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