KP Excise releases new professional tax rates for FY26! 📊 Low-income earners are now exempt, while taxes rise for factories, large hospitals, & gyms. Good news for doctors & chemists, with reduced rates. Changes effective July 1st!
FBR reports a stunning 200% surge in salary tax collection in 5 years! 📈 It hit Rs391 BILLION in FY24, with private sector & federal govt employees leading the charge. Salaried class is now a cornerstone of Pakistan’s direct tax growth!
Pakistan’s salaried class blasts Budget 2025-26, calling “relief” a cruel joke! SCAP says tax adjustments are “deception,” with burdens still crushing. They warn of legal action for real relief.
Dairy sector warns 18% GST on packaged milk is choking growth & hurting revenue! PDA claims 20%+ volume decline, urges GST cut to 5% to boost sales & rural livelihoods.
Rawalpindi Excise missed its tax target by 52% for FY25! 🚨 DG cancelled Sundays & started issuing controversial new property tax bills by changing names to boost recovery. 241 properties sealed as crackdown intensifies!
FBR proposes new taxes on online academies, e-commerce, & clubs! 💻🏋️♀️ Senate Committee pushes back, seeking relief for salaried individuals & small online businesses, while debating wealth-based purchase limits.
FBR drastically cuts transit cargo examination to just 5% (from 10%) & scanning to 10% (from 25%)! 🚢📦 New SRO aims for smoother trade, reduced port congestion, and enhanced efficiency. A big shift for Pakistan’s transit hub status.
Non-filers beware! 💸 Senate committee OKs FBR’s push to raise withholding tax on cash withdrawals to 1% (from 0.6%) for the next fiscal year. It’s a significant jump aimed at broadening the tax base & curbing undocumented transactions.
A stern warning from the Senate: FBR must not intrude on provincial tax domains, especially on services! Committee okays abolishing FED on property, but rejects FBR’s broad “courier” definition. Plus, a shocker: Rs43B held in NADRA accounts sparks outrage
FBR reveals a shocker: Only 12 Pakistanis declared assets over Rs. 10B! 💸 Chairman hints at widespread wealth underreporting, exposes sugar mill tax fraud. New rules link property purchases to declared income.