SRB Imposed New Taxes on Netflix
Netflix users in Pakistan are facing higher costs due to new taxes imposed by the Sindh Revenue Board (SRB). Here’s a breakdown of the additional charges: New Taxes: 3% Sales […]
Latest Tax News
Govt Considers Taxing Agriculture Income at 45%
Pakistan is in talks with the IMF for a bailout program, and one of the conditions on the table is a major shift in how agriculture is taxed. Here’s a […]
PRA Lowers Threshold for Electronic Invoice Monitoring System
Lahore, Pakistan – The Punjab Revenue Authority (PRA) has lowered the threshold for restaurants required to install an electronic invoice monitoring system. Under the amended Electronic Invoice Monitoring System Rules […]
Pakistan Chemists and Druggists Association Condemns GST on Alternative Medicines
Karachi, Pakistan: The Pakistan Chemists and Druggists Association (PCDA) has strongly criticized the government’s decision to impose an 18% general sales tax (GST) on alternative medicines. The association has demanded the […]
Tajir Dost Scheme Expanded to 42 Cities
The Federal Board of Revenue (FBR) is aiming to expand its tax net by including millions of unregistered shopkeepers and retailers. Their initiative, the Tajir Dost Scheme, has encountered some […]
FBR Records Nearly 5 Million Active Taxpayers
The Federal Board of Revenue (FBR) has achieved a significant milestone with nearly 5 million active taxpayers registered for the 2023 tax year (as of July 7, 2024). This represents […]
Businesses Urge FBR to Revisit Controversial Tax Regulation (SRO 350)
The Karachi Chamber of Commerce & Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to revisit a recent regulation, SRO 350(I)/2024, citing concerns and disruptions within the […]
Gwadar Free Zone Transactions Now Permitted in Pakistani Rupees
Pakistani businesses in the Gwadar Free Zone can now conduct transactions with the domestic tariff area in Pakistani rupees (PKR), according to a recent amendment by the Federal Board of […]
Income Tax Ordinance (2024) and Finance Act 2024 Now Available!
Following the recent budget, the Income Tax Ordinance as amended up to June 30, 2024 and the updated Finance Act 2024 are now available! Staying informed about these essential documents […]
FBR IR Officers Gain New Powers to Recover Unpaid Taxes
In a significant move to bolster tax compliance, Finance Act of 2024 has granted Inland Revenue (IR) officers enhanced authority to recover unpaid or underpaid taxes. This legislative update aims […]