Health experts have put forward a compelling case for a substantial tax increase on cigarette sales as a means to deter tobacco use and promote public health.
(more…)Category: Budget 2024-25
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PBF Advocates Tax Reforms to Combat Under-Invoicing
The Pakistan Business Forum (PBF) has put forth a comprehensive set of proposals urging tax authorities to undertake significant reforms aimed at curbing under-invoicing by commercial importers and fostering industrial growth.
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Pakistan Considers Ending Tax Exemptions on Imports
Pakistan is contemplating significant changes to its tax policies, with plans to withdraw tax exemptions on imports in the upcoming budget for the fiscal year 2024-25.
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PBC Proposes 24% Tax on Motor Vehicle Purchases by Non-Filers
The Pakistan Business Council (PBC) has put forth a bold proposal for the upcoming budget of 2024-25, recommending a significant increase in advance tax rates on motor vehicle purchases by non-filers of income tax returns.
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Foreign Investors Propose Demonetization of Rs 5,000 Banknote
Islamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote.
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PTBA Proposes Comprehensive Digitalization in Budget 2024-25
Karachi, May 10, 2024 – The Pakistan Tax Bar Association (PTBA) has officially presented a set of proposals to Finance Minister Muhammad Aurangzeb for the upcoming 2024-25 budget, placing significant emphasis on the digitalization of the economy.
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FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
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Proposal to Lift Import Tax for Manufacturers in Budget 2024-25
The business community has recently put forth a significant proposal for budget 2024-25 aimed at boosting efficiency of manufacturers within Pakistan.
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Pakistan Business Council Seeks Clarity on Group Taxation
Karachi, May 6, 2024 – The Pakistan Business Council (PBC), a leading advocacy group representing major businesses in the country, has submitted proposals for the upcoming budget 2024-25. A key area of focus for the PBC is seeking amendments to the existing group taxation regulations to provide clarity and relief regarding inter-corporate dividends (ICD).
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Pakistan Set to Unveil New Industrial Policy in 2024-25 Budget
Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
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