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Looming Sales Tax Hike 19%: A Tightrope Walk Between Revenue and Burdening Consumers

Looming Sales Tax Hike 19%: A Tightrope Walk Between Revenue and Burdening Consumers

Quratul Ain Jun 3, 2024

Pakistan’s upcoming budget proposal casts a shadow of concern for low-income earners. The government is considering a sales tax increase…

Bonus Share Tax Under Fire: Pakistan Business Council Demands Removal

Bonus Share Tax Under Fire: Pakistan Business Council Demands Removal

Quratul Ain Jun 2, 2024

Pakistan’s business community is up in arms against a recently introduced tax on bonus shares. The Pakistan Business Council (PBC)…

Pakistan Mulls Major Shakeup for Property Taxes: Potential Impacts and Industry Concerns

Pakistan Mulls Major Shakeup for Property Taxes: Potential Impacts and Industry Concerns

Quratul Ain Jun 2, 2024

Pakistan’s real estate sector is bracing for a potential overhaul as the Federal Board of Revenue (FBR) contemplates a comprehensive…

Tax Break for Buying Insurance Proposed by SECP

Tax Break for Buying Insurance Proposed by SECP

Quratul Ain Jun 2, 2024

The Securities and Exchange Commission of Pakistan (SECP) is advocating for a new tax benefit in the upcoming budget: tax…

Tax on Owning Empty Land or Buildings (7 E) in Balochistan Declared Illegal

Tax on Owning Empty Land or Buildings (7 E) in Balochistan Declared Illegal

Quratul Ain Jun 2, 2024

Property owners in Balochistan have some good news! A recent court ruling has struck down a tax on vacant land…

Pakistan Proposes Capital Gains Tax for Non-Residents, Sparking Debate

Pakistan Proposes Capital Gains Tax for Non-Residents, Sparking Debate

Quratul Ain Jun 1, 2024

Pakistan’s Federal Board of Revenue (FBR) has ignited a debate with its proposal to impose capital gains tax (CGT) on…