Budget Archives - Page 43 of 152

ICMAP Proposes 3.5% Tax on Social Media Platform Earnings

April 17, 2025April 17, 2025Hamza Shahnawaz

Karachi, April 17, 2025: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of a 3.5% tax on earnings generated from social media platforms, as part of its comprehensive tax proposals for the federal budget 2025–26.

KCCI Urges Tax Relief for Foreign Exchange-Earning Businesses

April 17, 2025April 17, 2025Shahnawaz Akhter

Karachi, April 17, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has called on the government to exempt foreign exchange-earning businesses from provincial taxation, aiming to promote economic stability and protect vital inflows into Pakistan’s economy. In its comprehensive tax proposals for the 2025–26 budget, the KCCI highlighted a critical concern: businesses that […]

ICMAP Proposes Tax Framework to Support EV Industry Growth

April 17, 2025April 17, 2025Faisal Shahnawaz

Karachi, April 17, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the government to adopt a supportive taxation framework for Electric Vehicle (EV) manufacturers, as part of its tax proposals for the federal budget 2025-26.

Tax Exempt Salary Income May Be Raised to Rs800,000 in Budget

April 16, 2025April 16, 2025Mrs. Anjum Shahnawaz

Islamabad, April 16, 2025 – In a move aimed at providing much-needed relief to the salaried class, the federal government is reportedly considering increasing the salary tax exemption threshold from the current Rs600,000 to Rs800,000 in the upcoming 2025-26 budget.

P@SHA Recommends Continuation of Final Tax Regime

April 16, 2025April 16, 2025Faisal Shahnawaz

Karachi, April 16, 2025: The Pakistan Software Houses Association (P@SHA) has urged the federal government to extend the Final Tax Regime (FTR) for the IT and IT-enabled services (ITeS) sector for another 10 years, emphasizing its critical role in maintaining growth momentum, attracting foreign investment, and supporting Pakistan’s digital economy.

FPCCI Outlines Key Proposals for Budget 2025–26

April 16, 2025April 16, 2025Shahnawaz Akhter

Karachi, April 16, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday presented a comprehensive set of proposals for the upcoming federal budget 2025–26, calling it a decisive opportunity to shape the nation’s economic trajectory.

KCCI Recommends Advance Tax Exemptions on FMCGs

April 15, 2025April 15, 2025Shahnawaz Akhter

Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.

18% GST Pushing Businesses to Evade, Warns PBC

April 14, 2025April 14, 2025Shahnawaz Akhter

Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.

KCCI Seeks 0% VAT on Commercial Importers in Budget 2025-26

April 13, 2025April 13, 2025Shahnawaz Akhter

Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.

Government Plans Tax Relief Despite IMF-Driven Constraints

April 12, 2025April 12, 2025Shahnawaz Akhter

Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.

Category: Budget