PkRevenue.com – A storm is brewing in the tax community as the Finance Bill 2024 proposes to revoke the power of Commissioners of Inland Revenue to issue tax exemption certificates.
(more…)Category: Budget 2024-25
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Pakistan Eyes Over 33% Jump in FY25 Petroleum Levy Collection
Islamabad, June 16, 2024 – Pakistan is bracing for a significant rise in its petroleum levy collection in the upcoming fiscal year, with projections exceeding 33% growth.
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FBR Unveils Strategy to Achieve Rs 12.97 Trillion Target in 2024-25
The Federal Board of Revenue (FBR) is gearing up to achieve an ambitious tax collection target of Rs 12.97 trillion for the fiscal year 2024-25, according to the recently released budget documents.
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Senators Reject Hike in Tax Rates for Salaried Class
In a decisive move, senators have rejected the proposed increase in tax rates for the salaried class in the 2024-25 budget, following a comprehensive review of contributions from various sectors.
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PALSP Applauds Tax Reforms for Steel Industry in Budget 2024-25
The Pakistan Association of Large Steel Producers (PALSP) has lauded the strategic tax reforms introduced in the 2024-25 budget, heralding a significant boost for the steel industry.
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FBR Forms Committees to Resolve Finance Bill 2024 Anomalies
Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 2024.
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FPCCI Raises Concerns Over Ambitious Tax Targets
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing business chambers across Pakistan, has presented its analysis of the recently unveiled federal budget for the fiscal year 2024-25.
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Tax Experts Decry Harsh Budget Measures in KTBA Seminar
Karachi, June 15, 2024 – A seminar hosted by the Karachi Tax Bar Association (KTBA) on Saturday saw prominent tax specialists and a representative from the Federal Board of Revenue (FBR) dissect the recently unveiled budget for the 2024-25 fiscal year.
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Pakistan Budget 2024-25: A Template of IMF, Says KCCI
The Karachi Chamber of Commerce and Industry (KCCI) has expressed severe discontent with Pakistan’s Federal Budget for 2024-25, describing it as a template of the International Monetary Fund (IMF).
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Finance Bill 2024 Unveils Changes to Capital Gains Tax Regime
The recently introduced Finance Bill 2024 brings significant alterations to Pakistan’s capital gains tax regime, applicable from July 1, 2024. Let’s delve into the key updates for both individuals and businesses.
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