Taxation
FBR’s Withholding Tax Collection Surges 32.7pc in FY2025-26
The Federal Board of Revenue (FBR) has achieved a major revenue milestone, reporting a substantial 32.7 percent increase in withholding tax collection for the ongoing fiscal year (FY2025-26). Provisional figures show that the amount collected has reached Rs1.25 trillion, rising…
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Tax on Prize Bonds and Savings Profits Doubled for Non-Filers
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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
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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
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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
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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
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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
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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
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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…
Businesses Warn of Fallout from Sindh Minimum Wage Hike and New Taxes
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Strong opposition is mounting over the proposed Sindh minimum wage hike and tax measures in the Finance Bill 2025-26, as Karachi’s business community warns of…
Govt Exempts Income Tax on Rs1.2 Million Annual Salary
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The federal government has agreed to exempt income tax on annual salaries up to Rs1.2 million, following demands made by the Pakistan Peoples Party (PPP)…
Punjab to Begin Garbage Tax Collection from July (Rates & Date Confirmed)
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The Punjab government is set to begin garbage tax collection from both urban and rural areas starting July 1, 2025, under the Rs200 billion Suthra…
FBR to Suspend Bank Accounts of Sales Tax Evaders on THIS Date
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In a major policy shift, the Federal Board of Revenue (FBR) will have the authority to temporarily suspend bank accounts of unregistered sales tax evaders…
FBR extends sales tax system integration deadline
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ISLAMABAD: The Federal Board of Revenue (FBR) has announced extended deadlines for both corporate and non-corporate sales tax registered persons to complete their system integration.…
