Karachi, April 23, 2025 – The Federal Board of Revenue (FBR) is actively considering the introduction of a new tax regime targeting income generated through digital platforms such as YouTube and other social media channels.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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KCCI urges redefinition of withholding agent to ease tax burden
Karachi, April 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has recommended a critical reform in the country’s tax structure by suggesting changes to the existing definition of a withholding agent.
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PCDMA Seeks FTR Revival, Relief for Commercial Importers
Karachi, April 22, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has submitted a detailed set of tax proposals for the upcoming 2025–26 federal budget, urging the Federal Board of Revenue (FBR) to revive the Final Tax Regime (FTR) specifically for commercial importers. The association emphasized that restoring this system would provide much-needed relief, simplify taxation, and strengthen trust between the government and the business community.
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ICMAP proposes GST framework to tax offshore sellers
Karachi, April 22, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has presented a comprehensive proposal aimed at incorporating offshore sellers into the General Sales Tax (GST) regime, a move designed to curb tax evasion and level the playing field for domestic businesses.
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KCCI Pushes to Scrap Minimum WHT on Imports
Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to abolish the Minimum Withholding Tax (WHT) on raw material imports by commercial importers in the upcoming federal budget for 2025-26.
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ICMAP Urges Flat GST Regime to Support Mid-Tier Enterprises
Karachi, April 21, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed a major overhaul in the country’s General Sales Tax (GST) framework, calling for the introduction of a flat GST policy specifically tailored for mid-tier businesses.
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Karachi Chamber Suggests Revival of FTR to Boost Export Sector
Karachi, April 20, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the government to revive the Final Tax Regime (FTR) for the export sector in its budget proposals for the fiscal year 2025–26.
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ICMAP Recommends FED Rate Hikes in Budget 2025-26
Karachi, April 20, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed significant fiscal measures for the upcoming federal budget 2025-26, calling on the government to revise and expand the application of the Federal Excise Duty (FED) to untapped and undertaxed sectors of the economy.
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ICMAP Recommends 10% Tax on High-Income Pensioners
Karachi, April 19, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has put forward a significant tax reform proposal, calling for the imposition of a 10% tax on high-income pensioners as part of its budget recommendations for the fiscal year 2025-26.
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KCCI Urges Waiver of Factory Visit for Tax Exemption Certificates
Karachi, April 18, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended that the Federal Board of Revenue (FBR) waive mandatory factory visits for the issuance of income tax exemption certificates, citing disruptions to business operations and inefficiencies caused by the current procedures.
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