Punjab Assembly Suspends Revised Agricultural Income Tax Rates
Punjab Assembly has suspended revised agricultural income tax rates, declaring the notifications unlawful for not being presented before the House.
OICCI Proposes 5% Cap on Withholding Tax, Calls for Reforms
KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the […]
PBC Urges FBR to Withdraw Default Surcharge Notices on Super Tax
The Pakistan Business Council has urged the Federal Board of Revenue to withdraw recovery notices issued for default surcharge on super tax, calling them “illegal” and arguing that no default occurred due to prior judicial relief and pending court proceedings.
Tax Audit Recoveries Surge 110% in FY2024-25, Says FBR
Pakistan’s audit-based income tax recoveries surged 110% to Rs267 billion in FY2024-25, driven by improved audit selection and enforcement, according to the Federal Board of Revenue.
Overseas Investors Urge Pakistan to Broaden Tax Base to Save Existing Taxpayers
The Overseas Investors Chamber of Commerce and Industry has urged the government to expand Pakistan’s tax base instead of increasing the burden on existing taxpayers, presenting proposals for Budget 2026–27 that include lower corporate tax rates, gradual removal of the super tax, and broader tax reforms.
FBR Reprimanded Over ‘Coercive’ Super Tax Recovery, FTO Orders Suspension
The Federal Tax Ombudsman has stopped the Federal Board of Revenue from enforcing Super Tax recovery through coercive measures, directing suspension of actions until clear rules and policy under Section 4C are issued.
FBR Reports 163% Surge in Tax Collection from Petroleum Products
Pakistan’s Federal Board of Revenue (FBR) recorded a 163% surge in withholding tax collection from petroleum products over five years, reaching Rs20 billion in FY2024-25, driven by higher fuel prices, increased consumption, and improved compliance.
BAT Urges Govt to Avoid Tobacco Tax Hike in Budget 2026-27
BAT calls for no increase in cigarette taxes in Budget 2026-27, warning that higher FED could fuel illicit trade, reduce revenue, and shift consumers toward untaxed products in Pakistan.
Faisalabad Customs Promotes Export Facilitation Scheme to Boost Efficiency
Faisalabad Customs urges exporters to leverage the Export Facilitation Scheme as new reforms, AI monitoring, and extended utilisation timelines aim to boost efficiency and competitiveness.
PRA Tax Collection Rise 33% in March
PRA posts 33% growth in March 2026 tax collection, crossing Rs30bn, driven by enforcement, LTU activation, and improved compliance across Punjab’s services sector.