ICAP urges Pakistan to adopt an automated tax refund system in the FY26 budget! ⏳ Tired of delays, they propose auto-credits for verified refunds & strict 6-month limits for manual cases to restore trust & boost the economy.
WHO warns Pakistan: raise tobacco tax NOW or face disaster! 🚨 Tobacco kills 164,000 Pakistanis annually & costs PKR 700 billion. Despite past success, taxes haven’t risen since 2023. WHO demands action to save lives & the economy.
Do you know experts want to SLASH GST on packaged milk from 18% to 5% in Pakistan? 🥛 They say the high tax crashed sales & pushed Rs1.3 TRILLION into the unsafe informal market. It’s a call for healthier citizens & a documented economy!
Tax experts are slamming Pakistan’s “unjust” gross salary taxation! 💸 ICAP demands major budget reforms: restoring lost exemptions for rent, conveyance & utilities, or rationalizing rates. They also want passive income to not disqualify salaried taxpayers.
Pakistanis face a record-high petroleum levy increase in the FY26 budget! ⛽ The government plans to collect an extra Rs. 194 billion from fuel, impacting consumers. Meanwhile, the oil sector demands a margin hike.
ICAP proposes radical tax reforms: end withholding tax for listed companies & raise salaried class exemption to Rs1.2M, adjusted for inflation! They argue for fairness & efficiency, aiming to ease burdens & boost compliance in Pakistan’s budget.
Finance Minister Muhammad Aurangzeb has announced a major simplification for Pakistan’s salaried class tax returns, cutting fields from 150 to just 9! This move aims for September implementation to boost compliance & ensure a more strategic national budget.
FY26 budget may allocate Rs1.079 trillion for power subsidies, finalized with the IMF. Strict austerity measures and fiscal discipline are mandated for all government entities. This comes as Pakistan grapples with managing its power sector’s circular debt.
Finance Minister Muhammad Aurangzeb hints at “bold measures” in Pakistan’s FY26 budget, focusing on strategic economic direction. Expect simplified tax filing for salaried class & accelerated SOE reforms, while navigating regional tensions & IMF demands.
FBR will impose 18% sales tax on goods manufactured in erstwhile tribal areas from FY26. This withdrawal of exemption is set to generate over Rs45 billion, marking a significant step towards broadening Pakistan’s tax base and integrating the regions economically.