The federal government has issued the Tax Laws Amendment Ordinance 2025. Under the ordinance, three amendments have been made to the Income Tax Ordinance 2001. According to the new tax laws, the FBR has also been given the authority to freeze accounts and monitor stocks.
According to the details, the federal government has issued the Tax Laws Amendment Ordinance 2025. Under the ordinance, three amendments have been made to the Income Tax Ordinance 2001. Several amendments have also been made to the Federal Excise Act 2005.
The FBR has been given more powers for tax recovery. Upon the conclusion of the first appeal, the FBR will be able to immediately recover the tax payable. The FBR has been given the authority to immediately freeze bank accounts for tax recovery. The FBR has also been given the authority to appoint officers at business locations.
According to the ordinance, the FBR has also been given the authority to monitor production and stock, FBR officers will be able to be deployed at business places, and FBR will be able to recover the tax payable immediately. The powers of all federal and provincial government officers have been increased in the Federal Excise Act 2005.
According to the new tax laws, government officers have been given the authority to seize illegal goods at any business, place, and factory.
