The Pakistani government, in collaboration with the International Monetary Fund (IMF), is exploring ways to increase tax revenue. One proposed measure involves raising the advance tax on property purchases for […]
The Pakistan Business Council (PBC), a leading advocate for Pakistani businesses, has urged the government to scrap the 1% Capital Value Tax (CVT) on foreign assets held by Pakistani residents. […]
Khyber Pakhtunkhwa Revenue Authority (KPRA) and Accountant General (AG) Office Agree on Tax Withholding A recent meeting between KPRA and the AG Office of Khyber Pakhtunkhwa has addressed the application […]
Peshawar, Pakistan – The Director General of the Khyber Pakhtunkhwa Revenue Authority (KPRA) met with the Accountant General of Khyber Pakhtunkhwa to discuss the withholding of sales tax on services […]
The Federal Board of Revenue (FBR) has proposed a hike in withholding tax (WHT) on cash withdrawals from banks for non-filers of income tax returns. This move aims to generate […]
Punjab Finance Minister Mujtaba Shuja-ur-Rehman has outlined key plans for the upcoming provincial budget, emphasizing documentation of the economy and broader tax net coverage. Key Measures Proposed: Expanding Tax Net: […]
Federal Cabinet Approves Measures to Expedite Pending Tax Cases Pakistan’s federal cabinet has taken a significant step towards resolving a backlog of tax disputes, potentially impacting billions of rupees in […]
Pakistan’s IT sector, a beacon of growth and a major contributor to the country’s economy, is seeking tax reforms to solidify its position and unlock further potential. The Pakistan Software […]
FBR Targets Billions in Lost Revenue with Revamped Black Tea Import Taxes The upcoming Pakistani budget (2024-25) is set to introduce new import duties and taxes on black tea. This […]
FBR Unveils Tax Proposals for FY 2024-25 Federal Board of Revenue (FBR) has proposed new tax measures to generate Rs 1.2-1.3 trillion. This aims to achieve the government’s revenue collection […]
