KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the government to shift its tax strategy toward broadening the tax […]
The Pakistan Business Council has urged the Federal Board of Revenue to withdraw recovery notices issued for default surcharge on super tax, calling them “illegal” and arguing that no default occurred due to prior judicial relief and pending court proceedings.
Pakistan’s audit-based income tax recoveries surged 110% to Rs267 billion in FY2024-25, driven by improved audit selection and enforcement, according to the Federal Board of Revenue.
The Overseas Investors Chamber of Commerce and Industry has urged the government to expand Pakistan’s tax base instead of increasing the burden on existing taxpayers, presenting proposals for Budget 2026–27 that include lower corporate tax rates, gradual removal of the super tax, and broader tax reforms.
The Federal Tax Ombudsman has stopped the Federal Board of Revenue from enforcing Super Tax recovery through coercive measures, directing suspension of actions until clear rules and policy under Section 4C are issued.
Bilal Azhar Kayani announced that arrest powers of Federal Board of Revenue (FBR) officials have been significantly reduced under tax reforms, aiming to improve ease of doing business and strengthen taxpayer protections in Pakistan.
Pakistan’s Federal Board of Revenue (FBR) recorded a 163% surge in withholding tax collection from petroleum products over five years, reaching Rs20 billion in FY2024-25, driven by higher fuel prices, increased consumption, and improved compliance.
BAT calls for no increase in cigarette taxes in Budget 2026-27, warning that higher FED could fuel illicit trade, reduce revenue, and shift consumers toward untaxed products in Pakistan.
Faisalabad Customs urges exporters to leverage the Export Facilitation Scheme as new reforms, AI monitoring, and extended utilisation timelines aim to boost efficiency and competitiveness.
PRA posts 33% growth in March 2026 tax collection, crossing Rs30bn, driven by enforcement, LTU activation, and improved compliance across Punjab’s services sector.