PBC Opposes Withholding Tax on Bonus Shares
PkRevenue.com – The Pakistan Business Council (PBC) has voiced strong opposition to the imposition of a withholding tax on bonus shares issued by companies.
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Category: Budget 2024-25
Pakistan Budget 2024–25 outlines key fiscal measures, taxation updates, development allocations, and economic reforms aimed at stabilizing economy.
FBR Considers Complete Overhaul of Tax on Property Transactions
PkRevenue.com – The Federal Board of Revenue (FBR) is contemplating a comprehensive overhaul of the taxation system related to property transactions.
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FTO Recommends Simplification of Income Tax Returns
PkRevenue.com – The Federal Tax Ombudsman (FTO) has proposed that tax authorities streamline income tax returns to make it easier for taxpayers to fulfill their civic duties.
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KCCI Demands Uniform WHT Rate for Importers, Manufacturers
PkRevenue.com – The Karachi Chamber of Commerce and Industry (KCCI) has called on authorities to implement a uniform withholding tax (WHT) rate for both commercial importers and manufacturers in the upcoming budget for 2024-25.
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SECP Advocates for Income Tax Credit for Insurance Products
PkRevenue.com – The Securities and Exchange Commission of Pakistan (SECP) has put forward a proposal for the upcoming 2024-25 budget, advocating for the introduction of income tax credits for individuals purchasing insurance products.
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Tax Managers Propose Removal of E&P Depletion Allowance
PkRevenue.com – The tax managers of Federal Board of Revenue (FBR) have recommended a significant policy change that could impact the Exploration and Production (E&P) sector.
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FBR Suggests 100% Increase in Tax on Bonus Shares for Non-ATL
PkRevenue.com – The Federal Board of Revenue (FBR) has proposed a 100 percent increase in tax on bonus shares for individuals who are not listed on the Active Taxpayers List (ATL). The tax managers at the FBR have recommended amendments to the Income Tax Ordinance, 2001, to be implemented in the forthcoming budget for 2024-25.
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Expected Tax Measures in 2024-25 Budget to Raise Rs 600 Billion
PkRevenue.com – Analysts at Topline Securities Limited have projected a series of key tax measures that the government is likely to announce in the 2024-25 budget to generate approximately Rs 600 billion in additional revenue.
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Strict Measures Likely in 2024-25 Budget Ahead of IMF Program
PkRevenue.com – Analysts at Topline Securities Limited have predicted that strict fiscal measures will be implemented in the forthcoming federal budget for 2024-25 to align with the requirements of the new loan program with the International Monetary Fund (IMF).
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Pakistan Targets 3.6% Growth in FY25 Amid Promising Outlook
PkRevenue.com – In a robust review of the proposed annual plan for the fiscal year 2024-25, the Annual Plan Coordination Committee (APCC) painted a positive economic picture for Pakistan.
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