Authorities confirm that businesses can claim input tax adjustments for raw materials intended for taxable supplies, even if destroyed before use, aligning with legislative intent and commercial practices.
Aleem Khan proposes a toll tax on tourists in Gilgit-Baltistan to fund road maintenance and infrastructure, ensuring sustainable tourism growth.
KTBA urges FBR to delay SRO 55(I)/2025 by two months, highlighting compliance challenges due to system unavailability and risks of financial penalties.
PTBA urges FBR to set up a fully operational tax office in Gwadar to improve tax compliance, enhance transparency, and boost economic growth in the region.
The Federal Board of Revenue (FBR) has launched a comprehensive anti-smuggling strategy, including digital enforcement stations and regulatory amendments, to enhance tax revenue and support Pakistan’s economic stability.
KPRA records Rs. 28.92 billion in tax collection, marking a 46% increase. Strategic policies and digital reforms drive fiscal growth in Khyber Pakhtunkhwa.
Tax experts allege Inland Revenue officials misuse Section 40B to pressure businesses, urging the FBR to investigate administrative excesses.
Pakistan’s pensioners received Rs 43.61 billion in tax exemptions in 2024, easing their financial burden and ensuring post-retirement stability, reports FBR.
KATI welcomes Sindh’s Agricultural Income Tax Bill, calling it a step toward fair taxation, economic stability, and reduced tax burden on industries and salaried individuals.
FBR approves duty-free vehicle imports for Gwadar Port & Free Zone, facilitating development and operations under new regulatory rules.