FBR now mandates device registration for IRIS portal access for tax consultants & sales tax entities. This new security measure uses QR code verification to link devices, preventing unauthorized access & protecting sensitive data. Register your device now to ensure uninterrupted access!
Finance Act 2025 amends Customs Act: Customs duty is now exempt for courier/postal parcels, but ONLY if their value is up to Rs1,000! This is down from the previous Rs5,000 limit, aiming to facilitate small-scale legal imports & streamline procedures.
New tax rules: Section 114C cash withdrawal limits (Rs100M annually) primarily target individuals. New thresholds for vehicle (up to Rs7M for non-filers) & property (Rs100M+ commercial, Rs50M+ residential) also apply. Aims to boost compliance. Companies unaffected.
FBR fixed the minimum retail price of cement for sales tax! Effective June 27, S.R.O. 1126(I)/2025 sets the price based on an average of key city prices (PBS data from previous month), reduced by Rs25. Aims to streamline sales tax collection.
FBR launches special tax facilitation desks for Overseas Pakistanis in major RTOs (Islamabad, Lahore, Peshawar, Karachi). Dedicated contacts offer guidance on tax matters, aiming to streamline processes and boost convenience for the diaspora.
Punjab to start collecting ‘garbage tax’ from July 1 for its ‘Suthra Punjab’ project. Homes & businesses in urban & rural areas will be charged varying monthly rates for waste management services. Informal settlements exempt. Aims to improve sanitation province-wide.
PAA criticizes the budget’s WHT hike on advertising services from 4% to 6%. They warn it’s unsustainable, equal to a 17% super tax on slim margins, and urge immediate reversal to 3% to protect the strained industry.
Finance Minister Aurangzeb announces major FBR reforms: No arrests without judicial warrant for tax cases up to Rs5 crore. Arrests now require a 3-member FBR committee. Tax for Rs6 lakh-1.2mn income cut to 1%, gratuity exempt, pensions over Rs1cr taxed. Promoting ease of business!
Do you know FBR just announced Rs. 36 BILLION in **NEW TAXES**?! 🤯 They’re adding a 10% FED on day-old chicks & increasing taxes on mutual funds/govt securities! It’s to cover gaps from solar tax cuts & govt salaries.
FBR is set to freeze bank accounts of unregistered businesses in FY26! 🚨 Notices first, then freezes, but accounts restored in 48hrs on registration. Targets large manufacturers, not small traders. FBR offers 6-month sales tax exemption for new registrants!