Pakistan Revenue
Pakistan Budget 2024–25 outlines key fiscal measures, taxation updates, development allocations, and economic reforms aimed at stabilizing economy.
(PkRevenue.com) – Salaried employees in Pakistan may see a salary increase of up to 15 percent in the forthcoming 2024-25 budget, according to official sources. The government is actively considering various proposals to enhance the salaries of public sector employees in the upcoming fiscal year.
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(PkRevenue.com) – The Federal Board of Revenue (FBR) is on the verge of notifying new rules to streamline the clearance of outstanding income tax refunds through electronic means.
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(PkRevenue.com) – The federal government assured the Karachi Chamber of Commerce and Industry (KCCI) on Monday that it would seriously consider their proposals for the 2024-25 budget.
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Karachi (PkRevenue.com) – In a strategic move to bolster its revenue, Pakistan is poised to introduce a pension tax in the upcoming 2024-25 budget.
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(PKRevenue.com) – The Federal Board of Revenue (FBR) has proposed a significant measure to combat tax evasion by suggesting the suspension of sales tax (ST) registration for individuals and entities issuing flying invoices.
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Realtors have staunchly opposed any proposed tax hikes on property transactions in the forthcoming 2024-25 budget. The government has hinted at the possibility of imposing additional taxes on the real estate sector as part of its commitments to the International Monetary Fund (IMF), prompting significant backlash from industry stakeholders.
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Karachi, May 26, 2024 – Pakistan is likely to increase the withholding tax rate on bank cash withdrawals from 0.6 percent to 0.9 percent. This proposed amendment is expected to be a key component of the Federal Board of Revenue (FBR)’s forthcoming budget for 2024-25.
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Islamabad, May 26, 2024 – Pakistan is poised to increase the petroleum levy to Rs 100 per liter, a significant hike from the current Rs 60 per liter in the budget 2024-25.
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Islamabad, May 26, 2024 – In a decisive move to clamp down on pervasive tax frauds, the Federal Board of Revenue (FBR) has proposed significant reforms in the budget for 2024-25 aimed at lead battery manufacturers.
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Islamabad, May 26, 2024 – The Federal Board of Revenue (FBR) is considering a new measure that would require online retailers to deposit sales tax, according to sources within the FBR.
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