Tax reforms face dual backlash! Lawmakers stalled non-filer restrictions with a “hidden clause,” while businesses protest FBR’s new arrest powers & cash transaction penalties. Concerns rise over fairness & transparency
FBR has published draft amendments to Income Tax Rules 2002 (S.R.O. 1212 (I)/2025)! 📝 Public has just 7 days from gazette publication to submit objections or suggestions. Don’t miss your chance to provide feedback on upcoming tax filing changes!
FBR proposes major changes to salary tax forms (S.R.O. 1212)! 📝 Get ready for mandatory IBAN, detailed wealth statements, & 6-digit verification. Public has just 7 days to provide feedback on these crucial amendments impacting all filers. Don’t miss your chance!
New taxes hit cash deposits into company accounts! 💸 Amounts over Rs200k in cash only 50% admissible, attracting 20.5% additional tax on the gross amount. Avoid cash deposits or face penalties. Govt pushes digital transactions.
Unisame slams Pakistan’s new cash withdrawal tax as “daylight robbery” and double taxation, demanding immediate rollback. Warns of harm to SMEs and citizens.
FBR collected Rs490B from electricity bills in FY25, down from Rs600B amid lower power use. Meanwhile, taxes from salaried individuals & property jumped! FBR’s direct tax haul hit Rs5.8 trillion.
Peshawar High Court: FBR can’t tax cash gifts in blood relations if reported in tax returns! 💸 This landmark ruling means banking channels or deeds aren’t always needed for family gifts, emphasizing transparency. Big relief for taxpayers!
Peshawar High Court rules FBR’s online IRIS notices are invalid for companies/AOPs! 🚫 Physical dispatch is now mandatory, safeguarding businesses from unreceived or backdated notices and ensuring due process.
Title: Islamabad Slashes Service Taxes: New Rates Benefit Key Sectors
Meta Description (160 characters):
Islamabad cuts service taxes to 0-5% on construction, beauty, transport, and more. Aims to boost economy, but no input tax claims. Learn how your business is affected.
Excerpt Description (280 characters):
Islamabad introduces new, lower service tax rates, effective immediately. Construction and property dealing now enjoy zero-rated tax under specific conditions, while beauty parlours, tour operators, specialized workshops, and others see rates drop to five percent, aiming to stimulate economic growth across the capital.
President approves Finance Bill 2025-26, granting over 50 new tax exemptions! 🎉 WAPDA entities, PM’s relief funds, State Bank, SECP, charitable organizations & international bodies are among those benefiting. This move provides significant tax relief & support to various vital sectors across Pakistan.