Tax Department Fails to Prove Inter-Entity Raw Material Transfers Constitute Sales
Income Tax Dept fails to prove raw material transfers between associated firms were sales. Higher forum rules lack of payment means no sale, sides with taxpayer.
FBR Launches New Digital Invoicing System
FBR launches digital invoicing for sales tax registered individuals in Pakistan. Learn about benefits, deadlines (June 1 & July 1, 2025), and integration.
KTBA Calls for Abolition of Tax on NPO Surplus Funds in Upcoming Budget
KTBA calls to abolish 10% tax on NPO surplus funds in the FY26 budget, arguing it burdens welfare work and hinders planning for essential services.
Pakistan’s FY26 Budget to Overhaul Auto Import Policy, Eyes Cheaper Cars
Pakistan’s FY26 budget (June 2) eyes cuts in new car import taxes (5-30%), revises used car age limit (up to 5 yrs), & promotes EVs. Get details.
WHO Pressures Pakistan for Higher Cigarette Taxes in FY26 Budget Amidst Illicit Trade Challenges
WHO pushes Pakistan for higher cigarette taxes in FY26 budget. FBR faces challenges controlling illicit trade & seeks provincial help for enforcement.
Anticipated Tax Relief for Real Estate and Imports in FY26 Budget
FY26 budget may cut CGT/WHT on property & imports from July 1, 2025. Housing task force proposes further tax relief & reforms.
FBR’s IRIS System Undergoing Significant Upgrade to Enhance Functionality
FBR’s IRIS system upgrades to integrate Digital Invoicing & SWAPS, enhancing functionality. Stay updated on the latest improvements for taxpayers & businesses.
Foreign Investors Propose Phase-Out of Minimum Turnover Tax in FY26 Budget
Foreign investors (OICCI) urge Pakistan to phase out minimum turnover tax in FY26 budget, proposing a 3-year plan to aid low-margin sectors.
Foreign Investors Urge Abolition of Super Tax in FY26 Budget
Foreign investors led by OICCI urge Pakistan to abolish the super tax in the FY26 budget, citing unfair burden & reduced investment appeal.
Telecom Sector Pushes for Significant Tax Relief in Upcoming Federal Budget
Telecom sector urges major tax cuts & reforms in the FY26 budget, calling for lower withholding taxes, sales tax harmonization, and duty exemptions.