Pakistan directs FBR not to increase taxes/duties on imports from US, China, Germany, UK, Japan. This strategic move aims to avoid tariff hikes, protect trade relations, especially with ongoing US negotiations, and support local business reliance on Chinese imports.
Pakistan sees a historic 55% surge in voluntary tax payments to Rs1.69 trillion in Tax Year 2024. This signals growing public trust & civic responsibility, boosting direct tax collection and aiming to make voluntary compliance the backbone of the economy.
Govt won’t reverse car import taxes, mandating registration/certification for used vehicles. A new EV Policy 2025-2030 aims to convert 2.2 million vehicles to electric by 2030. Measures boost market quality & sustainable transport, countering smog and promoting health.
FBR redrafts tax officials’ arrest powers for NA approval. New safeguards include a 3-member committee for Rs50M+ tax fraud arrests & strict conditions for lower-value cases, ensuring judicial oversight. Aims to balance enforcement with taxpayer rights.
FBR opens offices this Sunday & until midnight Monday for last-minute tax payments, aiming to hit its revised Rs11.9T collection target for FY24-25. Pressure is on as the fiscal year closes.
FBR just ordered the license cancellation of Peshawar’s Forvil Cosmetics & banned “Bio Amla” products due to Rs570M alleged tax evasion! 🚨 PSQCA given 7-day deadline for clearance certificate. FBR’s nationwide crackdown intensifies!
IMF rejected 25% tax rebate for teachers/researchers! 📚💰 FBR confirmed it to NA Committee, citing IMF’s harmonization stance. Meanwhile, new tax fraud arrest rules approved with safeguards. Pensions over Rs10M taxed; non-filer cash withdrawal tax up
Pakistanis splurged over Rs317 BILLION on online apps like Meta, Apple & Netflix in FY25! 🤯 FBR reports the massive digital spend as govt introduces a new 5% “Digital Presence” tax on local & foreign vendors.
FBR clarifies new sales tax arrest laws: now requires prior inquiry & CIR approval for tax fraud arrests to ensure transparency! PM forms high-powered committee to add safeguards.
NA Panel greenlights 5% tax on pensions over Rs10M! 💰 They also fiercely debated FBR’s new power to immediately deduct tax after High Court rulings, pushing FBR for revisions. Banking sector tax amendments also approved!