Senate body backs zero sales tax on stationery, approves e-commerce sales tax! 📚🛒 Courier services to collect online sales tax, digital vendors must register in Pakistan. Small sellers protected from registration.
Punjab unveils record Rs5.335T budget for FY26 with a massive Rs1.24T development outlay (47% hike!). 📈 Aims for Rs740B surplus, no new taxes. Major focus on health, education & infrastructure.
Tax professionals are furious! 😡 Sargodha Tax Bar Association condemns FM’s remarks suggesting no need for lawyers/tax practitioners to file returns. They call for a retraction, stressing the vital role of experts in Pakistan’s complex tax system.
FBR begins distributing controversial Honda City cars to officers despite public fury and tax fraud allegations, raising accountability concerns.
New budget update! Govt raises cash withdrawal tax for non-filers: threshold up to Rs75k, rate now 0.8%. 📈 Salaried income tax rates also adjusted for FY26. It’s all about boosting financial compliance & expanding the tax net.
Do you know Pakistan’s new budget rules just got tough? 🚨 “Ineligible persons” (non-filers) face major restrictions on buying vehicles, property & investing! Banking limits also apply. It’s a huge push to formalize the economy & expand the tax net.
Pakistan’s FY26 Budget: Major tax reforms & a new Section 63A tax credit for low-cost housing loans are unveiled. Expect changes in property taxes, sales tax on cars & solar, digital levies, and income tax slabs, aiming for fiscal consolidation and broader tax base.
Do you know cigarettes are getting pricier? 🚬 The FY26 budget introduces a 6% withholding tax on distributors! Pharmaceutical distributors also face the hike. Get ready for higher prices at the store.
Do you know Pakistan’s sales tax department is under fire? 🚨 Tax experts say they’re passing orders after legal time limits expire! While experts argue these are mandatory, the department views them as mere guidelines. Big debate on legal certainty!
Do you know LTO Karachi is set to make history? 🚀 It’s poised to smash the Rs3 trillion revenue barrier for the first time ever in Pakistan! With Rs2.81T collected by May, this “mini-FBR” is driving Pakistan’s fiscal engine.