Capital Gains Tax on Used Cars in Pakistan – Finance Bill 2024
The Federal Board of Revenue (FBR) of Pakistan has sent ripples through the auto industry with its proposal to introduce a capital gains tax (CGT) on the sale of used […]
Latest Tax News
Punjab Revenue Authority Targets Unregistered Architects in Lahore
The Punjab Revenue Authority (PRA) is taking steps to expand its tax net by targeting unregistered architect firms in Lahore. This initiative aims to bring these businesses into compliance with […]
More than 17,000 Registrations for Small Businesses via Tajir Dost Scheme
The Federal Board of Revenue (FBR) in Pakistan is making a concerted effort to bring more small businesses into the formal economy through its newly launched Tajir Dost Scheme. More […]
Pakistan Collects Rs 10 Billion in Tax from Bank Cash Withdrawals (But Not Everyone Pays)
The Federal Board of Revenue (FBR) in Pakistan has raked in Rs 10 billion in tax revenue during the first ten months of the current fiscal year (ending June 2024). […]
Tax Summary of Khyber Pakhtunkhwa Budget 2024-25 Proposals
The Khyber Pakhtunkhwa (KP) government’s budget for the upcoming fiscal year takes a two-pronged approach to taxation: offering targeted tax relief while implementing strategies to improve revenue collection. Tax Relief […]
Pakistan Considers Major Sales Tax Overhaul for 2024-25 Budget
The Federal Board of Revenue (FBR) is mulling a significant change to the country’s sales tax structure for the upcoming fiscal year (2024-25). This proposal could have a substantial impact […]
PRA Tightens Grip on Tax Collection with Monitoring Teams
The Punjab Revenue Authority (PRA) is stepping up efforts to ensure timely tax collection from public sector projects in Lahore. Increased Scrutiny: A new monitoring plan has been implemented by […]
Pakistan Blocks Over 11,000 SIM Cards of Non-Tax Filers
Federal Board of Revenue (FBR) continues its efforts to enforce tax compliance by blocking SIM cards belonging to non-filers of income tax returns. Latest Update: The FBR has blocked over […]
Juice Industry in Pakistan Seeks Relief from High Taxes, Citing Negative Impact
Pakistan’s formal packaged juice industry is urging the government to reconsider recent tax hikes, arguing they’ve hurt sales, revenue collection, and farmers. The Problem: A 20% federal excise duty (FED) […]
Pakistan Aims to Streamline Tax Recovery Process with Uniform Rules
Pakistan’s Federal Board of Revenue (FBR) is working towards harmonizing tax recovery procedures for income tax, sales tax, and federal excise duty. This initiative aims to create a more consistent […]