taxes
Tax on Prize Bonds and Savings Profits Doubled for Non-Filers
2 min read
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…
New Taxes Prompt Courier Companies to Raise Delivery Charges
3 min read
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…
Pakistan’s Digital Boom Now in Tax Crosshairs: 5M+ Earners to Pay Up
3 min read
Islamabad – Pakistan’s National Assembly Standing Committee on Finance is advancing a key clause in the Finance Bill 2025-26, proposing to tax online businesses that…
Pakistan’s Textile Giants Warn of Export Collapse Without Budget Fixes
4 min read
ISLAMABAD: Textile exporters in Pakistan have called on the federal government to reverse key budgetary policies, warning that continued disruption of supply chains could severely…
Cars and Auto Parts Likely to Become Cheaper After Budget in Pakistan
2 min read
In the upcoming 2025-26 budget, cars and auto parts are likely to become cheaper. The Pakistani automotive industry is already on track finally as we…
Bitcoin Hits All-Time High After Trump’s Election Victory
2 min read
Bitcoin reached a new record high of $75,000 on U.S. election day, driven by investors who had previously bet on Donald Trump’s presidential win. This…
Government will now collect taxes from Google, Facebook and Twitter directly
2 min read
In recent news, the Federal Cabinet has approved a framework that makes social media companies work with the government in regards to their devised rules…
Online Marketplaces Denounce 17 Percent Tax On Transactions
2 min read
With the Finance Bill proposing to place online marketplaces (OM) under the definition of ‘Tier 1 Retailers’ which primarily means that transactions would face 17…
FBR introduces e-hearing system for tax audits, assessment cases
2 min read
The Federal Board of Revenue (FBR) has introduced a system for the online electronic hearing of tax audits and assessments cases. According to a Press…
Import of used computers and laptops will now face increased taxes
2 min read
In recent news, the Directorate General of Customs Valuation Karachi has fixed custom values of old and used computers to a much higher side. This…
Government is responsible for at least 50% increase in car prices over the past 2 years
2 min read
In a briefing to the National Assembly Standing Committee on Finance, representatives from the Indus Motor Company and Honda Atlas Cars blamed the government’s taxation…
Punjab to launch mobile app for tax payments
2 min read
The Punjab Finance Minister Makhdoom Hashim Jawan Bakht has disclosed that the government of Punjab is planning to launch a mobile phone application for all…
Illegally charged mobile service taxes can’t be used in Dam Fund, SC told
2 min read
The Supreme Court (SC) was told on Wednesday that the previously charged illegal mobile service taxes collected from the cell/mobile phones users through the mobile…
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