ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo an aggressive structural overhaul as the finalized budget framework legally mandates the transition into Faceless Tax Assessments. Moving entirely away from traditional, subjective physical interactions, FBR will now deploy central automated algorithms to execute corporate evaluations, directly capping arbitrary discrepancies. Alongside this digital sweep, the State Bank of Pakistan (SBP) will host a fresh centralized data repository using unique identifiers to match commercial banking transactions directly with filed asset statements. Crucially for tech exporters, the fixed 0.25% concessional tax regime remains completely protected until June 2029.
