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Category: Budget

This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.

finance act 2025

Finance Act 2025 –Highlights of Key Changes to Sales Tax

July 1, 2025July 1, 2025Shahnawaz Akhter

Islamabad, July 1, 2025 – The National Assembly of Pakistan has formally passed the Finance Act 2025, incorporating several pivotal amendments to the Sales Tax Act, 1990, as proposed earlier in the Finance Bill 2025.

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finance act 2025

Finance Act 2025 – Highlights of Changes to Income Tax

July 1, 2025July 1, 2025Shahnawaz Akhter

The National Assembly has officially passed the Finance Act 2025, marking a pivotal shift in Pakistan’s income tax regime with wide-ranging amendments that will reshape fiscal compliance and broaden the tax base.

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Petroleum Prices in Pakistan increase decrease

Pakistan Abolishes Carbon Levy

June 30, 2025June 30, 2025Faisal Shahnawaz

The Government of Pakistan has officially replaced the carbon levy with a newly introduced Climate Support Levy, effective from July 1, 2025.

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finance act 2025

Revised Super Tax Rates Effective July 1, 2025

June 30, 2025June 30, 2025Shahnawaz Akhter

Karachi, June 30, 2025 – The government has officially notified revised super tax rates through the Finance Act, 2025, which will take effect from July 1, 2025, for the tax year 2026 and onward.

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FBR amnesty

Ineligible persons get tax amnesty in Pakistan

June 30, 2025June 30, 2025Shahnawaz Akhter

Karachi, June 30, 2025 – In a dramatic turn that defies earlier promises and fiscal discipline, the government has secretly opened the doors of tax amnesty to ineligible persons under the garb of “declaration of sufficient sources.”

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pension expenses

Tax and surcharge on pension income to apply from FY 2025-26

June 30, 2025June 30, 2025Shahnawaz Akhter

Karachi, June 30, 2025 – The Finance Act, 2025 has introduced a significant amendment by bringing pension income under the tax net, imposing both tax and surcharge on high-value pension receipts starting from the fiscal year 2025-26.

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finance act 2025

Finance Act 2025 defines ‘digitally delivered services’

June 30, 2025June 30, 2025Shahnawaz Akhter

Karachi, June 30, 2025 – The Finance Act, 2025 has formally introduced a new definition of digitally delivered services within Pakistan’s income tax framework, marking a major step toward taxation of online and internet-based transactions.

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FBR Blue

Audit firms face FBR inspection over dubious tax certification

June 29, 2025June 29, 2025Shahnawaz Akhter

Karachi, June 29, 2025 – In a landmark move, the Federal Board of Revenue (FBR) will now subject audit firms to official inspection in cases involving questionable tax certifications. This significant development comes through the Finance Act, 2025, which aims to hold not just taxpayers, but also their auditors, accountable for misrepresentations in sales tax […]

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finance act 2025

Finance Act 2025 sets new arrest rules for sales tax fraud

June 29, 2025June 29, 2025Shahnawaz Akhter

Karachi, June 29, 2025 – The Finance Act, 2025 has introduced a comprehensive and structured procedure for the arrest and prosecution of individuals and entities involved in tax fraud under Section 37A of the Sales Tax Act, 1990.

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Inland Revenue Service

Finance Act 2025 grants IR officers civil court powers

June 29, 2025June 29, 2025Shahnawaz Akhter

Karachi, June 29, 2025 – In a significant legislative development, the Finance Act, 2025 has introduced sweeping changes to the powers of Inland Revenue (IR) officers by granting them the authority of a civil court during the course of inquiries under the Sales Tax Act, 1990.

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  • FBR imposes penalty on bank manager in tax recovery case; FTO takes notice
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