A Federal Tax Ombudsman (FTO) order has revealed a potential issue where telecom operators may be quietly reducing tax deduction certificates for salaried individuals. The FTO investigation highlights a telecom […]
Pakistan’s salaried class faces a 55% tax hike in 2024-25, with collections reaching Pak Rs. 570 billion. PM Shehbaz pledges relief amid economic challenges.
Authorities confirm that businesses can claim input tax adjustments for raw materials intended for taxable supplies, even if destroyed before use, aligning with legislative intent and commercial practices.
Aleem Khan proposes a toll tax on tourists in Gilgit-Baltistan to fund road maintenance and infrastructure, ensuring sustainable tourism growth.
KTBA urges FBR to delay SRO 55(I)/2025 by two months, highlighting compliance challenges due to system unavailability and risks of financial penalties.
SBP cancels Easy Paisa’s microfinance license, transitioning it into a scheduled bank with new tax implications and expanded banking services.
The Standing Committee on Maritime Affairs urges tax exemptions on vessel procurement and seafarer salaries to strengthen Pakistan’s shipping industry.
PTBA urges FBR to set up a fully operational tax office in Gwadar to improve tax compliance, enhance transparency, and boost economic growth in the region.
The Federal Board of Revenue (FBR) has launched a comprehensive anti-smuggling strategy, including digital enforcement stations and regulatory amendments, to enhance tax revenue and support Pakistan’s economic stability.
KPRA records Rs. 28.92 billion in tax collection, marking a 46% increase. Strategic policies and digital reforms drive fiscal growth in Khyber Pakhtunkhwa.
