On the Prime Minister of Pakistan's orders, the Federal Board of Revenue (FBR) eliminated the "estimated market worth column" from income tax return form 2025 on Friday in order to make things easier for taxpayers. According to a news publication, the prime minister established a committee, led by “Senator Azam Nazeer Tarar, Federal Minister for …
The Asset Market Value Requirement For Income Tax Filing Is Eliminated By FBR.
On the Prime Minister of Pakistan’s orders, the Federal Board of Revenue (FBR) eliminated the “estimated market worth column” from income tax return form 2025 on Friday in order to make things easier for taxpayers.
According to a news publication, the prime minister established a committee, led by “Senator Azam Nazeer Tarar, Federal Minister for Law, to review the new column implemented by the FBR in the IRIS tax return that requires taxpayers to disclose the projected fair market value of their fixed and movable assets, evaluate the implications for the taxpayers, and suggest improvements or corrective actions”.
While “the Federal Minister of Petroleum, the Minister of State for Finance, the Attorney General of Pakistan, the SAPM on Coordination of the Office of DPM, the Secretary of Finance, the Chairman of the FBR, and the Member of the Customs FBR” made up the Committee.
On Friday, September 26th 2025, the Committee met. Following thorough discussion, the Committee suggested that, in order to streamline the tax filing process, the additional column added to the IRIS tax return that required the tax filer to declare the projected actual market value of their “moveable and immovable assets” be eliminated.
The Prime Minister received the recommendation. The Committee’s suggestion has been accepted by the Prime Minister. The “Estimated Fair Market Value” item has been eliminated from the income tax return in accordance with the prime minister’s directives and in consideration of the challenges that taxpayers face.
It has been made clear that the mentioned column was just added to facilitate the Economic Survey by gathering data; it had no influence whatsoever on the determination of income or tax liability.
With the deadline for filing being September 30th, 2025, FBR is still dedicated to helping taxpayers in every manner possible and advises all qualified taxpayers to complete their income tax returns honestly and accurately as soon as feasible
