FBR
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…
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…
New Taxes Prompt Courier Companies to Raise Delivery Charges
Major courier companies have notified their customers, including registered E-commerce companies and online traders, that the government will charge them the newly imposed taxes from…
FBR removes additional Customs Duty on imports in lower slabs
The Federal Board of Revenue (FBR) has announced the complete removal of Additional Customs Duty (ACD) on imported goods falling under the 0%, 5%, and…
FBR extends sales tax system integration deadline
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.…
Pakistanis spend over Rs317 Billion on online apps in FY 2024–25
The digital spending habits of Pakistanis have reached new heights, with more than Rs317 billion spent on various online platforms during the fiscal year 2024–25.…
SBP Calls for Long-Term Investment Incentives
ISLAMABAD: As Pakistan’s rupee comes under renewed pressure, the State Bank of Pakistan (SBP) has proposed tying tax benefits to longer-term foreign investments in government…
IMF approves import of 5-Year-Old vehicles in Pakistan
In a major policy shift, the International Monetary Fund (IMF) has approved the federal government’s proposal to allow the import of five-year-old vehicles starting September…
Govt mulls new Rs. 30b Taxes or Massive Cuts to Meet IMF Budget Terms
As the final approval for the FY2025–26 federal budget nears, the government is weighing critical fiscal adjustments to align with the International Monetary Fund’s (IMF)…
Steep Higher Tax on Cash on Delivery (COD) confirmed in Budget FY26
The federal government is preparing to implement a higher income tax on Cash on Delivery (COD) transactions, compared to digital payments. This move, proposed under…
Govt Seeks $2B Loan to Boost Reserves to $14B
In a recent briefing to the National Assembly Standing Committee on Finance, Finance Minister Muhammad Aurangzeb revealed that the government is working to secure a…
FBR Can Now Arrest Company Directors, CEOs and CFOs
The Federal Board of Revenue (FBR) in Pakistan has recently been granted new powers. Now its Inland Revenue officers are allowed to arrest company directors,…
Banks Flag Major Gaps in Pakistan’s New E-Commerce Tax Plan
The Pakistan Banks Association (PBA) has expressed significant reservations over the government’s newly proposed tax framework for e-commerce, as introduced in the Finance Bill 2025.…
