Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, announced the continuation of tax exemptions for essential medical equipment, health services, and educational materials in the upcoming budget for 2024-25. Key Exemptions Retained […]
Pakistan’s government has intensified efforts to meet revenue targets by introducing new tax measures in the revised Finance Bill 2024. Here’s a breakdown of the key changes: Higher Tax for […]
The National Assembly of Pakistan has approved the federal budget for the upcoming fiscal year, starting July 1st, 2024. This new budget implements several tax changes that will affect the […]
The Pakistani government has introduced a new tax measure aimed at boosting revenue collection. Here’s a breakdown of the key details: Surcharge on High Income: A 10% surcharge will be […]
The Federal Board of Revenue (FBR) has implemented minimum profit rates for builders and developers in Pakistan. This change is part of the amended Finance Bill 2024 and aims to […]
Pakistan’s National Assembly passed the budget for the 2024-25 fiscal year on June 28th, 2024. This development comes as the country seeks a new bailout agreement with the International Monetary […]
Get ready for a chance to win big! Pakistan’s Federal Board of Revenue (FBR) is bringing back the popular Point of Sale (POS) prize scheme. Rewards and Transparency Over Rs. […]
Federal Board of Revenue (FBR) has reported significant progress in its efforts to bring small businesses into the tax net. As of Thursday, over 39,134 retailers have registered under the […]
The Federal Board of Revenue (FBR) has addressed confusion surrounding tax filers and non-filers, especially after the recent budget announcement. Here’s a breakdown of the key points: Number of Non-Filers: […]
The Pakistan Tea Association (PTA) has raised concerns about the continuation of sales and income tax exemptions for tea imports in the former Federally Administered Tribal Areas (FATA) and Provincially […]