PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to withdraw SRO 350(I)/2024, citing increased compliance costs and bureaucratic hurdles for registered taxpayers.
(more…)Author: Shahnawaz Akhter
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FPCCI Advocates Revoking Section 8B of Sales Tax Act
PkRevenue.com — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the revocation of Section 8B of the Sales Tax Act, 1990 in the forthcoming budget for the fiscal year 2024-25.
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FPCCI Calls for Abolishment of Further Tax in 2024-25 Budget
PkRevenue.com – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the elimination of the further tax in the forthcoming 2024-25 budget, aiming to alleviate the burden on the business community.
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ICAP Urges Removal of Glitches in Business Bank Account
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called on tax authorities to address the existing glitches in the process of adding or amending business bank accounts.
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Pakistan’s Total Debt Climbs to Rs 66.08 Trillion
Pakistan’s combined domestic and external debt has surged by 8.6% to reach Rs 66.08 trillion during the first ten months of the fiscal year 2023-24, according to the State Bank of Pakistan (SBP).
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Pakistan Records Highest Monthly Remittances $3.2B in May 2024
PkRevenue.com – Pakistan has achieved a historic milestone by recording all-time high monthly remittances of $3.24 billion in May 2024, according to official data released on Friday by the State Bank of Pakistan (SBP).
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KCCI Hails Decision of Industry Status to Warehouse and Logistics
The Karachi Chamber of Commerce and Industry (KCCI) has warmly welcomed the government’s decision to declare warehouses and logistics as an industry. This long-awaited move has been a major demand of the business and industrial community, and its fulfillment marks a significant step towards creating a more conducive business environment.
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FPCCI Demands Abolishing Deemed Income Tax Under Section 7E
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to abolish the deemed income tax under Section 7E of the Income Tax Ordinance, 2001.
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Pakistan Set to Bring Gold and Jewelry into Formal Economy
PkRevenue.com – In a significant move towards economic documentation, Pakistan has decided to integrate its gold and jewelry sector into the formal economy.
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What Tax Measures Are on the Cards in Pakistan 2024-25 Budget?
PkRevenue.com – Pakistan is gearing up to announce its budget for the fiscal year 2024-25 next week, but the tax measures remain unresolved. These decisions are critical for generating additional tax revenue to support the country’s economic framework.
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