Do you know traders are struggling with FBR’s new sales tax return rule? PCDMA reports confusion & delays due to mandatory stock declarations (Annex H1), urging a 60-90 day grace period. It’s affecting business operations!
FBR recovers Rs5B+ from K-Electric after landmark Supreme Court ruling! 🚨 The case confirms government subsidies & fuel adjustments count towards minimum tax, setting a major precedent for utility companies.
Do you know a new tax reform proposal for Pakistan? 🇵🇰 Taxonomist Tola suggests a Minimum Asset Tax (MAT) via CVT on domestic assets over PKR 100M, adjustable against income tax. Also, a modernized “Resident Individual” definition!
Do you know NHA is adding a 50% surcharge on motorway tolls for vehicles without M-Tags or low balance, starting June 15? 🛣️ Cars on M-2 Lahore-Islamabad will pay Rs. 1,800. Time to get your M-Tag!
Do you know PRA just hit a record Rs26 billion in sales tax collection for May 2025? 🚀 That’s a 23% jump Y-o-Y! Cumulative collection reached Rs240 billion, proving efficiency and technology are boosting revenue without new taxes.
FBR just secured Rs. 36.14 billion in favorable tax court rulings, including a major Rs. 26.4 billion from Bahria Town! This move helps unlock “trillions of rupees” in disputes, reinforcing economic reforms.
Do you know PM Shehbaz is highly satisfied with Pakistan’s “faceless customs” reforms? 🎉 He says it’s boosting transparency, cutting corruption, increasing revenue, & speeding up clearance! A big step for economic stability.
Do you know a major Lahore High Court ruling states no criminal proceedings for tax arrears until liability is finally determined? The LHC quashed a case against a tobacco company, emphasizing proper assessment before prosecution. Big win for taxpayer rights.
Do you know the Pakistan Tax Bar Association is urging FBR to extend the e-integration deadline for corporate sales taxpayers? ⏳ Citing practical difficulties, they want until June 30, 2025, to ensure smooth compliance with the new e-invoicing system.
Do you know why tax cases get dismissed? 🤯 FBR official Mohsin Virk warns taxpayers: no receipt, no proof! He stressed getting documents officially recorded to shift responsibility to FBR. A crucial tip for tax compliance!