Tobacco Industry Calls for Tax Relief to Boost Exports
TAC has urged the government and FBR to reduce taxes on tobacco exports, warning that heavy FED and regulatory hurdles are hurting farmers, exporters.
Govt Raises Petrol Tax by Nearly Rs. 25/L Despite Another Price Cut
The govt has increased the petroleum levy on petrol by Rs. 24.74 per liter while cutting petrol prices by Rs. 4 per liter.
Traders Welcome Fixed Tax Scheme, Seek Protection From FBR
Traders have welcomed the government’s 1% fixed tax scheme for small retailers and urged authorities to keep it free from FBR interference.
New Fixed Tax Scheme Sparks Debate Over No Relief for Salaried Class
New 1% fixed tax scheme for traders has sparked debate as salaried individuals continue to face higher income tax rates.
FBR to Block Refunds for Taxpayers Ignoring Digital Initiatives
The government plans to link FASTER sales tax refunds with digital compliance in Budget 2026-27.
GST Rate Cut to Single Digits Proposed in Budget Suggestion
PCDMA has proposed reducing GST from 18% to 16% and gradually shifting to a single-digit tax regime in the federal budget 2026-27.
Govt Approves Faceless Tax System to Reduce Corruption, Harassment
The govt will introduce a three-phase faceless tax model featuring digital audits, online assessments, and pre-filled tax returns to modernize FBR operations.
Federal Cabinet to Meet on June 10 for Approval of FY27 Federal Budget
Federal Cabinet to approve FY27 budget on June 10; salary hike decision likely.
Ministry of IT Proposes Mobile Tax Cuts in Budget 2026-27
The Ministry of IT has proposed reducing the 15% advance tax and 19.5% GST on mobile services in the FY2026-27 budget to improve digital inclusion and telecom sector growth.
FBR Launches Taxpayer Awareness Campaign at Islamabad
FBR’s TPS Wing has launched a Taxpayer Awareness Campaign at NIPA Islamabad to promote tax literacy, voluntary compliance, ATL benefits, and digital filing through IRIS.