ISLAMABAD: In order to make things easier for taxpayers, the Federal Board of Revenue (FBR) eliminated the “estimated market value column” from the income tax return form 2025 on Friday per Prime Minister Shehbaz Sharif’s instructions.
According to a news release, the prime minister established a committee, led by Senator Azam Nazeer Tarar, Federal Minister for Law, to review the new column that the FBR added to the IRIS tax return, which requires taxpayers to disclose the estimated fair market value of their moveable and immovable assets, evaluate the implications for the taxpayers, and suggest improvements or corrective actions.
