The Institute of Chartered Accountants of Pakistan (ICAP) has set its sights on improving tax compliance in Pakistan by proposing stricter measures against stop-filers. These are individuals and entities who […]
The Institute of Chartered Accountants of Pakistan (ICAP) is urging a significant shift in Pakistan’s corporate tax structure. Their proposal, outlined in recommendations for the 2024-25 budget, involves replacing the […]
Pakistan’s salaried class has received a temporary reprieve as the government delays a proposal to increase their tax burden in the upcoming budget. This decision comes amidst ongoing negotiations with […]
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed simplifying tax refunds for salaried individuals in Pakistan. Their recommendations aim to expedite the process, reduce administrative burdens, and build […]
The Institute of Chartered Accountants of Pakistan (ICAP) has set its sights on bolstering Pakistan’s tax revenue by urging the reactivation of the Directorate of Broadening of Tax Base (BTB). […]
The Federal Tax Ombudsman (FTO) has unveiled a series of proposals aimed at simplifying and modernizing Pakistan’s tax system. These recommendations, part of the upcoming 2024-25 budget deliberations, focus on […]
Pakistan’s upcoming budget proposal casts a shadow of concern for low-income earners. The government is considering a sales tax increase from 18% to 19%, aiming to boost revenue but potentially […]
Pakistan’s business community is up in arms against a recently introduced tax on bonus shares. The Pakistan Business Council (PBC) has urged the government to scrap this provision entirely in […]
Pakistan’s real estate sector is bracing for a potential overhaul as the Federal Board of Revenue (FBR) contemplates a comprehensive revamp of the tax system for property transactions. This move, […]
The Securities and Exchange Commission of Pakistan (SECP) is advocating for a new tax benefit in the upcoming budget: tax credits for people who buy life and health insurance. This […]