tax News

Govt imposes new asset purchase restrictions for undeclared income

The government has imposed new restrictions on asset purchases for individuals who fail to declare sufficient income.

PAA urges reversal of unjustified WHT hike at FPCCI post-budget forum

A delegation from the Pakistan Advertisers Association (PAA) today represented the advertising and marketing communications sector at the Post-Budget Consultative Meeting on Tax Anomalies convened by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI).

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tax News

Govt imposes new asset purchase restrictions for undeclared income

PAA urges reversal of unjustified WHT hike at FPCCI post-budget forum

Govt moves to tax online educators, digital academies

Sindh overhauls sales tax structure on services

Telecom operator faces Rs22bn tax after FBR ruling on tower deal

Pakistan to tax digital economy for the first time

Govt proposes strict penalties for tax fraud in budget FY26

OICCI criticizes govt over corporate tax gaps in FY26 budget

Govt unveils new tariff slabs of 5%, 10%, 15% in budget FY26

Pakistan, US kick off reciprocal tariff discussions virtually

Govt to shift tax burden from salaried class to undocumented sectors

FPCCI urges govt to review income tax amendment ordinance

Govt moves to expand tax base, target evasion

FinMin calls for structural reforms in Pakistan's taxation system

Pakistan to review 18% tax on packaged milk to boost investment

Govt plans tax settlements to cover Rs605bn shortfall instead of mini-budget

Govt collects Rs23bn in windfall tax from 16 Banks

IMAC hosts ADR training for tax dispute resolution

Federal Cabinet approves establishment of TPO to drive economic reforms

LTO Karachi seals Zelbury outlet over tax violations

Karachi's LTO becomes highest tax contributor, collects Rs2.52tr

New taxes to shrink Pakistan's economy by 0.3% in 2HFY25

FBR's Dec tax collection reaches Rs1.32tr, slightly below the target

Pakistan aims to enhance tax reforms to reduce tax evasion, boost revenue

PM calls for strict action on tax defaulters, urges FBR digitization

Govt focuses on fair taxation for manufacturing, salaried sectors

PBC calls for 2% withholding tax cut on exports

FBR collects Rs237bn FED from cigarettes in FY24

Pakistan Tax-to-GDP ratio remains dangerously low

Govt refutes claims of IMF rejecting tax target revision

FBR launches advance stock register system

FBR extends tax return deadline to Oct 31

IMF bailout brings pain to Pakistani households: Report

ACT Alliance urges govt to fix tax tracking system

Non-tax filers to face restriction on purchasing property, car: FM

FBR extends tax return deadline to Oct 14 after initial denial

FBR denies rumors of extension for tax filing

FM warns against overreliance on salaried class amid untaxed sectors

IMF stresses need for broadening tax base

Govt to abolish non-filers category

No extension on tax return deadline: FBR

FBR misses collection target for July-August

FBR faces over Rs100bn revenue shortfall in August

Sales tax refund burden hits Rs85bn this financial year

Senior officials overlooked in appointment of new FBR chairman

FBR collects Rs659bn tax revenue in July 2024

FM pledges transition to normal tax regime on KCCI's request

Pakistan salaried class pay 9 times higher tax than in India: PBC

IMF-driven tax reforms to target large agricultural landowners: President

Milk in Karachi now costs more than Paris

NCCPL sets withholding tax of up to 25% on Ijarah Sukuk

PSX proposes 20% tax credit to boost IPO listings in FY25 budget

Govt achieves petroleum levy tax target for FY24

FBR unearths multi-billion rupee tax scams

FBR surpasses May revenue target with Rs760bn collection

OICCI raises alarm over BAT's investment withdrawal threat amid tax hike

Pakistan Customs completes core function mapping in World Bank-funded project

FBR blocks over 11,000 non-filers SIMs

PRBC urges inclusion of untaxed retail sector in tax net

Govt aims for over Rs12tr tax collection in FY25

PBC proposes doubling electricity tax for non-filers

Learning from India: PBC recommends steps for tax base expansion

Trade unions demand clearer tax guidelines for new traders in Tajir Dost scheme

PTA refutes revenue loss claims over phone blocks

Pakistan-IMF to kick off formal discussions from tomorrow

Govt likely to raise taxes on various sectors amid revenue shortfall risks

PTBA proposes tax on all incomes

Power Division denies reports of fixed tax imposition on solar power

Finance Bill 2024 proposes amendments to Federal Excise Act for streamlined procedures

Shehbaz Sharif directs Finance Ministry to develop revenue boost plan

FBR currently Rs44bn short of March collection target

FBR, Karandaaz Pakistan join forces for digital tax revolution

Finance Minister urges immediate digitization of FBR to boost tax transparency