Islamabad, June 12, 2025 – In a dramatic turn of events, courier services in Pakistan are now poised to become full-fledged tax collectors, thanks to sweeping changes proposed in the Finance Bill, 2025.
(more…)Author: Shahnawaz Akhter
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Who’s Really Eligible to Make Transactions in Pakistan?
Pakistan’s financial world has been set ablaze with a storm of debate and confusion: Are you eligible to make financial transactions in Pakistan anymore? This burning question has swept across drawing rooms, boardrooms, and the bustling streets of the country ever since the government unveiled its controversial Budget 2025-26.
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Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
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FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
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Non-filers to face 40% tax on bank deposit profit
Karachi, June 11, 2025 – The Finance Bill 2025 has introduced a major increase in income tax for individuals who are not on the Active Taxpayers List (ATL), targeting the profit they earn from bank deposits.
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Summary of sales tax amendments through Finance Bill 2025
The Finance Bill 2025 has introduced a series of significant proposals to amend the Sales Tax Act, 1990, aimed at expanding the tax base, enhancing compliance, and curbing tax evasion.
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Summary of income tax amendments through Finance Bill 2025
The Finance Bill 2025 proposes wide-ranging amendments to the Income Tax Ordinance, 2001, aimed at restructuring the tax regime for tax year 2026, starting from July 1, 2025.
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Finance Bill 2025 revises tax structure on immovable properties
Karachi, June 11, 2025 – In a dramatic shake-up of the real estate sector, the Finance Bill 2025 has introduced sweeping changes that deliver substantial relief for buyers of immovable properties, while significantly increasing the tax burden on sellers.
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KSE-100 index hits new record high in celebration of FY26 budget
Karachi, June 11, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high of 124,352 points on Wednesday, as investors responded enthusiastically to the newly announced federal budget for FY2025-26.
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Finance Bill 2025 imposes 20% tax rate on bank profit
Karachi, June 11, 2025 – In a move set to impact millions of savers and investors across the country, the government has proposed a notable increase in the tax rate on profit earned from bank deposits under the Finance Bill 2025.
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