FBR reports a stunning 545% surge in property transaction tax over 5 years, hitting Rs200 billion! 📈 Property now a key revenue source. Budget 2025 will bar non-filers from buying property, signaling stricter enforcement.
FBR is going fully digital! 💻 The new E-filing system aims for an automatic, transparent tax regime, enabling businesses to generate invoices & make online payments easily. It seeks to boost tax net & dispel taxpayer fears.
FBR gets green light to tax online academies & teachers! 🎓💸 Some earn Rs20-30M annually outside the net. Meanwhile, PUASA demands higher ed budget revisions & opposes tax rebate withdrawal for university teachers.
FBR Chairman publicly named major sugar mills for tax evasion! 🚨 Exposed hidden production lines, missing surveillance, and undeclared sugar dispatches. A massive crackdown is underway to formalize the economy!
NA Committee rejects 18% GST on imported solar panels, despite FBR’s push! ☀️ lawmakers prioritized public access to affordable solar tech, dismissing FBR claims of money laundering & local industry support.
Senate body opposes sharp GST hike on smaller cars (850cc) from 12% to 18%! 🚗 They’re pushing for a moderated 14-15% rate, citing inequity for small car owners.
FBR to issue a negative list for exempt services in Islamabad for FY26, streamlining service taxation! 📝 New powers allow FBR to mandate integration with its computerized system for real-time reporting, aligning ICT with provincial tax practices.
Sindh proposes adopting the UN CPC system for sales tax on services, ditching old classifications! 🌍 This move aims for international standardization, greater clarity & efficiency in service taxation, easing burden on businesses.
FBR exempts one-time/home-based online sellers from mandatory registration! 🎉 Senate body backs e-commerce sales tax; courier services to collect. Digital vendors must register, but small sellers are protected.
FBR exposes influential figures in major tax fraud, defending proposed arrest powers. Senate Committee pushes back, demanding a Rs10M fraud threshold & judicial oversight. Harsh penalties, incl. 10-yr jail, proposed for severe fraud cases.