Trending Topics
Rawalpindi Property Tax Rates Updated: Here’s What’s Changed
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
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
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
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
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
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
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
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
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
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
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
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…
