Islamabad, March 27, 2025 – The telecom sector in Pakistan is calling for significant tax reforms and policy relief in the upcoming federal budget for the fiscal year 2025-26.
(more…)Category: Budget 2025-26
This category provide latest updates related to budget 2025-26. Pkrevenue is committed to provide latest updates related to budget 2025-26.
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FPCCI Proposes Abolishing Withholding Tax on Sales to Retailers
Karachi, March 2, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the removal of withholding tax on sales to retailers, arguing that the measure will facilitate business growth and ease the tax burden on traders.
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Fixed Tax for Traders Suggested After Scheme Failure
Karachi, February 28, 2025 – The business community has strongly advocated for a fixed tax regime for traders following the failure of the Tajir Dost Scheme (TDS) to yield the desired results.
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FPCCI Submits Key Sales Tax Proposals for Budget 2025-26
Karachi, February 26, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has formally presented key sales tax proposals for the upcoming Budget 2025-26.
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FPCCI Proposes Advance Tax Removal on First Property Purchase
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forward a proposal urging the government to eliminate the advance tax levied on the first purchase of property.
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PBC Urges Limiting Car Purchases to Curb Benami Transactions
Karachi, February 24, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to introduce restrictions on the number of vehicles an individual can purchase in order to curb benami transactions.
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FPCCI Recommends Significant Reduction in Customs Duties
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly advocated for a substantial reduction in customs duties in the upcoming budget 2025-26.
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PBC Urges Phasing Out of Minimum Turnover Tax
Karachi, February 20, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to gradually eliminate the minimum turnover tax in the federal budget for the fiscal year 2025-26.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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PBC Recommends Wealth Reconciliation Mandatory for All
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has put forward a significant proposal to the Federal Board of Revenue (FBR), recommending that wealth reconciliation be made mandatory for all tax return filers.
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