Govt Considering Duty Cuts on Beauty Products and Gym Equipment
The govt is considering reducing customs duties on beauty products, skincare materials, salon supplies, and gym equipment by up to 5%.
Latest Tax News
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.
Small Traders Welcome 1% Turnover Tax Scheme Up to Rs200 Million
Traders have welcomed the government’s 1% turnover tax and fixed tax regime for businesses with annual turnover up to Rs200 million.
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.
K-P Budget 2026-27 to Focus on Youth Relief, No New Taxes
KP plans a relief-focused Budget with no new taxes, Rs50 billion youth loan schemes, over Rs215 billion for development projects.
Pakistan’s Active Taxpayer List Crosses 8 Million Mark for the Second Time
The Active Taxpayer List (ATL) has officially crossed the 8 million mark for the second time, currently standing at 8,014,941 active filers.
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.
PM Shehbaz Orders Launch of AI-Powered Tax System in Islamabad
Prime Minister Shehbaz Sharif has directed the FBR to launch a pilot AI-driven tax system in Islamabad.
ICAP Urges Utility Tax Reforms, New Tax Regime to Attract Foreign Investment
ICAP has called for reforms in utility-based tax collection and proposed a 10-year tax incentives to attract foreign investment.