The Federal Board of Revenue (FBR) has rolled out a new compliance requirement for resident Pakistanis owning immovable properties abroad. Under the newly introduced “Electronic Foreign Income and Assets Declaration for Resident Individuals”, it is now mandatory to disclose all foreign-held assets and income digitally.
According to SRO.1562(I)/2025, resident individuals must submit detailed information on:
•     🏘️ Rental properties purchased abroad
•     💼 Foreign business income
•     💳 Overseas bank accounts
•     🌍 All foreign assets and income sources
This move is part of a broader digital overhaul of Pakistan’s tax filing system for the 2025 tax year, which includes:
•     📄 New electronic return forms for companies, AOPs, and individuals
•     🧮 A simplified return for salaried individuals and SMEs
•     🌐 Separate electronic returns for non-residents with no Pakistan-based income
•     🏭 Finalized electronic returns for manufacturers, traders, and SMEs
The FBR’s initiative aims to enhance transparency, improve tax compliance, and streamline reporting for both domestic and international income sources.