Taxation
These 15 Major Sectors Lead Surge in Pakistan’s Sales Tax Revenue for FY 2024-25
Nearly 57.3 percent of Pakistan’s sales tax collection on domestic supplies in 2024-25 came from 15 major sectors, including electrical energy, POL products, sugar, cement and cotton yarn. Fresh data from the FBR shows that the net collection of Sales…
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FBR Enforces 18% Sales Tax on Cotton Imports
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The Federal Board of Revenue (FBR) has imposed an 18 percent sales tax on cotton imports after previously withdrawing sales tax exemption on imported cotton…
Sindh Farmers Vow Court Battle Against 45% Agricultural Income Tax
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Sindh farmers have decided to take legal action against the recently imposed 45 percent agricultural income tax, calling it unconstitutional and a threat to their…
Govt to Revise Policy on Tax Deduction on Cash Sales
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The federal government has proposed a major change to the policy governing tax deduction on cash sales, raising the limit from Rs200,000 to Rs2.5 million…
Rawalpindi Property Tax Rates Updated: Here’s What’s Changed
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Rawalpindi property tax rates have been officially revised following a new gazette notification issued by the Board of Revenue’s Registration Branch. This update has led…
Transporters Call Nationwide Wheel-Jam Strike Over Tax Hike
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The Pakistan Transport Council has declared a nationwide wheel-jam strike on July 19, 2025, vowing to suspend all transport operations in protest against a new…
ADB Warns Pakistan of Risk from High Digital Taxes
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The Asian Development Bank (ADB) has cautioned Pakistan that its steep and inconsistent taxes on digital infrastructure pose a serious risk to foreign investment, growth,…
FBR Makes Property Value Declaration in Tax Returns Mandatory
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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
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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
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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
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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
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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
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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%…
