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FBR Key Notices & Orders - Summary Table (Pakistan)

- Pay Taxes on time
- ⁠File Returns on Time
- ⁠Maintain proper records
- ⁠Meet due dates to avoid penalties
- ⁠Know your rights | Respond Timely

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed all companies to ensure timely submission of Ultimate Beneficial Ownership (UBO) information through Form-19 on its eZfile portal.

Section 123A of the Companies Act, 2017, requires all companies to file Form-19 declaring Ultimate Beneficial Ownership along with their annual return.

UBO refers to the natural person(s) who ultimately own or control a company, whether directly or indirectly. This includes individuals who exercise significant influence or control over the company, even if they are not formally listed as shareholders or directors.

The SECP has urged all companies to ensure compliance within the stipulated timeline and warned that legal proceedings will be initiated against those failing to file Form-19 by April 30, 2026

*Know your exemptions, compliance obligations—and the flexibilities provided by law.*

*The Companies Act, 2017 prescribes exemptions for Single Member, Private, and Public Companies. Stay informed, stay compliant, and benefit from the flexibilities built into the law.*

*FBR clarifies that reports circulating on social media regarding unjust scrutiny of exporters’ Income Tax returns are misleading and incorrect.*

*Under the Finance Act 2024, the tax regime for exporters was shifted from Final Tax Regime to Minimum Tax Regime, to be reflected in Income Tax Returns for Tax Year 2025. Returns are being processed strictly in accordance with the law.*

*FBR remains committed to fair, transparent and professional tax administration, ensuring taxpayer facilitation while enforcing tax laws uniformly under the supervision of FBR Headquarters.*

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