Prime Minister Shehbaz Sharif has addressed concerns from retailers and shopkeepers regarding the Tajir Dost Scheme, a government initiative to integrate them into the tax system. Key Points: A committee […]
A steel manufacturer in Lahore has successfully challenged an order issued by the Officer Inland Revenue (OIR) in the Income Tax Tribunal. The Tribunal ruled that the OIR did not […]
The Punjab Revenue Authority (PRA) has taken a strong stance against tax evasion in Rawalpindi. The Rawalpindi Commissionerate sealed the license of a manpower recruitment agency for failing to pay […]
Pakistan has pledged to avoid tax amnesty schemes in the upcoming fiscal year (2024-25). This commitment reinforces their dedication to fiscal sustainability and debt reduction, as outlined in a letter […]
The Debate Over Taxing Pensions in Pakistan The International Monetary Fund (IMF) has proposed taxing high-value pensions (above Rs. 1.2 million annually) and removing tax exemptions for pension funds in […]
The International Monetary Fund (IMF) is urging Pakistan to progressively raise excise taxes on luxury goods, particularly cigarettes. This recommendation comes from their report, “Tax Policy Diagnostic and Reform Options,” […]
Federal Board of Revenue (FBR) has reached an agreement with telecom operators to block SIM cards of individuals who haven’t filed their income tax returns for tax year 2023. Key […]
The Attorney General for Pakistan (AGP) is urging the Federal Board of Revenue (FBR) to improve coordination on tax-related court cases. This move aims to expedite the resolution of pending […]
The Pakistan Business Council (PBC) is urging the Federal Board of Revenue (FBR) to reconsider the “super tax” imposed on documented businesses in the 2022 Finance Act. The PBC proposes […]
The International Monetary Fund (IMF) has arrived in Islamabad to negotiate a bailout package with Pakistan, and their demands include taxing previously exempt groups like pensioners. Here’s a breakdown of […]