FBR Introduces New Tax Filing Requirements for Businesses
FBR introduces new monthly tax reporting rules for manufacturers and importers to boost transparency and align sales tax with annual income tax returns.
FBR Announces Monetary Rewards for Inland Revenue Officers
FBR introduces monetary rewards for Inland Revenue officers (BS-17+) based on performance under the 2024 Transformation Plan.
ICMAP Proposes Phased Tax Framework to for Electric Vehicle Industry
ICMAP proposes a phased tax framework for Pakistan’s EV industry in the upcoming budget, aiming for sustainable growth, investment, and environmental benefits.
Tribal Regions Receive Significant Electricity Tax Break: FBR Reports
Tribal areas in Pakistan received over Rs14 billion in electricity tax relief, the FBR reports. Exemption aims to boost socio-economic development.
FBR Provides Rs 60 Billion in Import Tax Relief
FBR extends Rs 60 billion import tax relief under Clause 56, benefiting petroleum, exporters, government projects, and small vehicles.
High GST Fuels Tax Evasion Warns Business Council
Pakistan Business Council warns high 18% GST fuels tax evasion. Recommendations include gradual GST reduction and corporate tax reforms.
FBR Introduces New Mechanism for Customs Classification Dispute Resolution
The Federal Board of Revenue (FBR) has introduced significant amendments to the process of resolving classification disputes through Customs General Order (CGO) No. 02 of 2025.
IMF Agrees to Scrap Tajir Dost Scheme as Retailer Tax Collection Surges
This development comes on the back of a significant improvement in tax collection from retailers following policy changes implemented from July 2024.
Pakistan Customs Updates Valuation for China-Origin Suitcases
Pakistan Customs has revised the valuation for China-origin suitcases, setting new customs values to ensure fair duty assessments and prevent revenue losses.
FPCCI Proposes Removal of Advance Tax on First Property Purchase
FPCCI proposes removing advance tax on the first property purchase and abolishing Section 7E to boost Pakistan’s real estate sector and encourage investment.