New FBR System Streamlines Credit Notes for Unregistered Supplies
FBR introduces an automated system to streamline tax adjustments for unregistered supplies, enhancing transparency, reducing fraud, and improving compliance.
Power Companies to Charge Sales Tax Without Net Metering Adjustments
FTO orders power companies to charge 18% sales tax on gross electricity supply, excluding net metering benefits, leading to higher bills for solar consumers.
Aurangzeb Hints at Relief for Salaried Class in Budget
Finance Minister Aurangzeb hints at tax relief for salaried individuals in Pakistan’s upcoming budget, aiming to ease financial burdens and boost economic stability.
Government Recovers Rs. 23 Billion Tax from Banks in One Day
Pakistan recovers Rs. 23 billion in windfall tax from 16 banks under Section 99D. Learn how this move ensures fair taxation and strengthens economic stability.
Broadening Tax Base – PRAs and Departments Share Data with FBR
FBR partners with PRAs, Nadra, and provincial authorities to analyze property, vehicle, and wealth data, expanding Pakistan’s tax base and identifying new taxpayers.
Govt Discourage ‘Plots & Files’ in Real Estate Shake-Up
Pakistan’s government declares war on ‘plots & files’ real estate speculation, prioritizing structural reforms and tax revenue for sustainable growth.
Tax Collection from Retailers Increase by 98% in Pakistan
Tax collection from retailers jumps 98% in 7MFY25, reaching Rs 19.45 billion. Enhanced compliance, digitization, and policy measures drive this remarkable growth.
Banks Pay Rs 25 Billion Windfall Tax Following Court Ruling
Banks pay Rs 25 billion windfall tax after Sindh High Court dismisses their petition. Court upholds levy on bank profits from currency fluctuations.
PTBA Appeals for Video Hearings in Tax Cases for Justice Access
PTBA urges Pakistan’s top judge to implement video link facilities in high courts for tax cases. Reduce taxpayer burden, ensure fair appeals process.
Property Tax Collection Surges to Rs 130 Billion Amid Reforms
Property tax collection surged to Rs 130B in FY25, a 24% rise due to stricter FBR policies expanding the tax net and improving compliance.