Finance Act 2026: FBR denied powers to recover taxes from bank accounts without notice (opens in new tab)

ISLAMABAD: False news has been circulating in social media for the last many days that the Federal Board of Revenue (FBR) has been given special powers through Finance Act 2026 to recover taxes from the taxpayer’s bank accounts in Pakistan without knowledge of the account holder. Top FBR officials told Business Recorder late Sunday night that the powers to recover taxes from the bank accounts have already been prescribed in the tax laws. This recovery power has been available to the tax offic...