Taxation
FBR Extends Deadline for Manual Tax Returns Filing
The Federal Board of Revenue has extended the deadline for filing manual tax returns until November 30, offering temporary relief to taxpayers who still rely on paper-based submissions rather than the FBR web portal. In a notification issued on Wednesday,…
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Sindh unveils Rs3.45 Trillion Tax-Relief Budget to Stimulate Growth
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KARACHI: The Sindh government has announced a pro-growth provincial budget for FY 2025–26, totaling Rs3.45 trillion, with a focus on tax relief, development spending, and…
Standing Committee Flags Concerns Over Finance Bill Proposals and FBR Reforms
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A meeting of the Standing Committee on Finance and Revenue was held today at the Parliament House, Islamabad, under the chairmanship of Syed Naveed Qamar,…
Jazz Hit with Rs. 22 Billion Fine in Historic Court Ruling, IHC sides with FBR
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A significant ruling by the Islamabad High Court, led by Justice Babar Sattar, has sided with the Federal Board of Revenue (FBR) in a tax…
FBR Enforces 15% Tax on Passive Saving Income
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KARACHI: The Federal Board of Revenue (FBR) has introduced a 15% tax on passive saving income, aiming to reduce the disparity between active and passive…
Pakistan Finance Bill 2025: New Strict Tax Rules for E-commerce & Digital Creators
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The federal government has unveiled wide-ranging tax compliance reforms in Finance Bill 2025, proposing tougher penalties and stricter enforcement to boost documentation and curb tax…
Non-Fillers Can Not Buy A Car Or Property Anymore
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Over 120 million Pakistanis are no longer allowed to purchase cars or property. This change was one of the classifications under the Income Tax Ordinance…
Strict Penalties Proposed for NTN and CNIC Misuse in Budget
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In a bid to curb tax evasion, the federal government has proposed strict penalties for those misusing National Tax Numbers (NTNs) and Computerized National Identity…
Warning!! Budget May Increase Taxes on Food, Books, and Daily Essentials
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With a record tax revenue target for FY26, the federal government is proposing tax hikes on essential items like food, books, and stationery in the…
Fertilisers and Pesticides to Remain Tax-Free in Budget 2025-26
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In a move to support farmers grappling with high input costs, the federal government has decided to retain the tax exemption on fertilisers and pesticides…
Govt Slaps Heavy Tax on FB, Google, Daraz & Digital vendors
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ISLAMABAD: The federal government is set to enforce the Digital Presence Proceeds Levy Act 2025, introducing a new 5% tax on global and domestic digital…
Movie Tickets to Get Expensive as Govt Withdraws Cinema Tax Exemption
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ISLAMABAD: Moviegoers may soon have to pay more for tickets, as the federal government has proposed to withdraw the cinema tax exemption in the FY2025…
Govt Plans 5% Digital Services Tax in Upcoming FY2025-26 Budget
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The federal government of Pakistan plans to introduce a 5% digital services tax in the upcoming FY2025-26 budget. This move could reshape the country’s digital…
