FBR has rejected all leave requests for IRS officials ahead of the FY26 Budget presentation on June 10! 🚫 Overlapping with Eid holidays, this strict move ensures full staff availability for critical budget operations, despite some discontent.
Jazz CEO pushes for urgent tax relief for Pakistan’s telecom sector in FY26 Budget! 📱 He warns high taxes (35% on recharge!) hinder growth & digital future. Proposals include WHT exemption & adjustable taxes
IMF is pressing Pakistan for strict budget compliance! 😬 Demands include agri income tax enforcement by Sept 2025 & opposition to power/gas subsidies. Provinces urged to control spending amidst development plan expansions.
Do you know IMF rejected Pakistan’s proposed taxes on cash, gold, & chicks? 🚫 But they backed a digital services tax & income tax relief for lower earners. Expect higher FED on fertilizers/pesticides though.
Do you know the FBR might withdraw the 4% “further sales tax” in the FY26 budget? 🚫 It aims to formalize supply chains, bringing more businesses into the tax net despite short-term revenue loss for long-term gains!
Do you know Pakistan’s FY26 budget may bring back a Capital Value Tax on movable assets? 💰 FBR plans to tax cash, gold, savings & investments of the wealthy to boost revenue! A significant shift in wealth taxation.
Do you know bank deposit taxes are likely to INCREASE in Pakistan’s FY26 budget? 🏦 FBR is eyeing a 2% hike for both filers & non-filers to offset salaried class relief. Get ready for higher taxes on savings profits!
Do you know Pakistan’s FY26 budget previews major tax changes? 📈 FBR proposes phasing out super tax & salaried class relief! Expect new levies on fuel vehicles, higher CGT, & FED hikes on sugary drinks/tobacco.
Do you know the IMF is allowing Pakistan to cut income tax rates for the salaried class in the FY26 budget? This could mean Rs. 56-60 billion in relief, with rates potentially dropping from 5% to 1-1.5% for lower slabs! Big news for fixed-income earners.
Do you know Pakistan plans a 5-year tax on ALL petrol/diesel vehicles in the FY26 budget? It aims to generate Rs122 billion for a new EV Fund, boosting electric vehicles! Plus, incentives for local tech manufacturing.