ICMA Pakistan Proposes Tax Reforms to Boost Revenue
ICMA Pakistan proposes sweeping tax reforms to FBR: green initiatives, fairer wealth tax, GST expansion, digital economy focus, and enhanced compliance.
FBR Sets New Fair Market Values for Karachi Properties
Karachi, Pakistan: The Federal Board of Revenue (FBR) has issued an updated notification S.R.O. 144(I)/2025 which supersedes old notification, S.R.O. […]
Pakistan Auto Market Booms – Non-Filers Race to Buy Cars Before New Tax Laws
Pakistan car sales skyrocketed 85% in Jan 2025! Non-filers are panic-buying before new tax restrictions on vehicle purchases take effect. Details on the buying frenzy.
NA Committee Delays Economic Restrictions on Tax Non-Filers
NA Committee delays Section 114C, giving FBR time to develop tech for non-filer restrictions. Decision to be revisited in June 2025 to ensure compliance.
SCCI and RTO Peshawar Reactivate Joint Advisory Committee to Address Taxpayer Grievances
The Sarhad Chamber of Commerce and Industry, in collaboration with RTO Peshawar, has reactivated a joint advisory committee to resolve taxpayer issues and enhance facilitation.
Federal Government Plans Higher Taxes on Salaried Class in 2025-26
Pakistan’s salaried class faces a 55% tax hike in 2024-25, with collections reaching Pak Rs. 570 billion. PM Shehbaz pledges relief amid economic challenges.
Clarification on Input Tax Adjustments for Destroyed Goods Enhances Business Confidence
Authorities confirm that businesses can claim input tax adjustments for raw materials intended for taxable supplies, even if destroyed before use, aligning with legislative intent and commercial practices.
Federal Minister Suggests Toll Tax to Boost Gilgit-Baltistan Infrastructure
Aleem Khan proposes a toll tax on tourists in Gilgit-Baltistan to fund road maintenance and infrastructure, ensuring sustainable tourism growth.
PTBA Urges FBR to Establish Fully Functional Tax Office in Gwadar
PTBA urges FBR to set up a fully operational tax office in Gwadar to improve tax compliance, enhance transparency, and boost economic growth in the region.
FBR’s New Anti-Smuggling Strategy: Strengthening Pakistan’s Economy and Tax Compliance
The Federal Board of Revenue (FBR) has launched a comprehensive anti-smuggling strategy, including digital enforcement stations and regulatory amendments, to enhance tax revenue and support Pakistan’s economic stability.