Taxation
FBR Reports Major Rise in Tax Collection from Sugar and Cement Sectors
The Federal Board of Revenue has reported a significant jump in tax receipts from the sugar and cement sectors, stating that improved oversight tools such as the track and trace system and real-time video monitoring helped generate more than Rs52…
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FBR Makes Property Value Declaration in Tax Returns Mandatory
2 min read
The Federal Board of Revenue (FBR) has made property value declaration in tax returns compulsory for the tax year 2025, requiring taxpayers to report immovable…
PRA Designates Telecom, Banks & Insurers as Withholding Agents
2 min read
The Punjab Revenue Authority (PRA) has designated telecommunication, banking, and insurance companies as withholding agents. These companies are now required to withhold 80% of the…
No Tax on Cash Sales Over Rs. 200K, Clarifies FBR
2 min read
The Federal Board of Revenue (FBR) has officially denied imposing a 20.5% tax on cash transactions exceeding Rs. 200,000. This clarification comes amid widespread confusion…
Islamabad City App Helps Generate Rs. 15.5 Billion in Tax Revenue
2 min read
The Islamabad City App continues to reshape citizen services with a landmark achievement, Rs. 15.5 billion in tax revenue collected by the Excise and Taxation…
FBR Releases “Simplified” 25-Page Electronic Tax Return Draft
2 min read
The Federal Board of Revenue (FBR) has released a new draft of its electronic income tax return form for both individuals and companies, and it’s…
Freelancers Struggle with Increased Tax on International Payments
2 min read
A recent change in tax policy effective post 1st July 2025 has raised alarm within Pakistan’s freelance and IT sectors. The introduction of a 5%…
Tax on Prize Bonds and Savings Profits Doubled for Non-Filers
2 min read
New withholding tax rates have been implemented on tax on prize bonds and profits from National Savings Schemes, sharply raising rates for non-filers to encourage…
Rawalpindi Residents Face Major Water Charges Hike in THIS Area
3 min read
RAWALPINDI: Residents of Chaklala Cantonment are now facing a substantial financial strain as the local board has approved a major water charges hike along with…
Punjab Imposes 16% Sales Tax on Commercial Property Rentals
2 min read
LAHORE: Starting July 1, 2025, the Punjab government has implemented a 16% sales tax on commercial property rental, following the enactment of the Punjab Finance…
OCAC Warns New Levies on Furnace Oil Will Cripple Industries
2 min read
The Oil Companies Advisory Council (OCAC) has raised alarms over the government’s decision to impose new levies on furnace oil, cautioning that the move could…
FBR Sales Tax Integration Now Mandatory for Service Providers
2 min read
The Federal Board of Revenue (FBR) has announced that FBR sales tax integration will be mandatory for a wide range of service providers starting July…
Pakistan Digital Presence Proceeds Tax Raises Alarms for Foreign Investors
2 min read
The Asia Internet Coalition (AIC) has voiced serious concerns over Pakistan’s proposed Digital Presence Proceeds Tax (DPPT), introduced through the Finance Bill on June 10…
Public Outcry Erupts Over New Garbage Tax in Punjab
3 min read
A new garbage tax in Punjab, set to take effect from tomorrow (July 1), has triggered widespread outrage among citizens and social organisations across the…
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