FBR Clarifies: No New Powers to Recover Taxes from Bank Accounts Without Notice

Islamabad: The Federal Board of Revenue (FBR) has clarified that the Finance Act 2026 has not introduced any new powers allowing tax officials to directly recover taxes from people’s bank accounts without proper notice. FBR said these recovery rules have been part of Pakistan’s tax laws for almost 50 years. Taxpayers are first given a demand notice and 30 days to respond before any recovery action is taken.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Lahore: Punjab Chief Minister Maryam Nawaz Sharif has approved the continuation and expansion of the workers’ ration card programme for the 2026–27 financial year. According

Sheikhupura: On the directions of Chief Minister Punjab Maryam Nawaz Sharif, Director General PDMA Punjab Umar Abbas Mela visited Ferozewala and Muridke to assess flood-affected

Lahore: The Punjab Mass Transit Authority has abolished the token and old transit card system for the Orange Line Metro Train, Metro Bus and Speedo