PkRevenue.com – The Federal Board of Revenue (FBR) has proposed a 100 percent increase in tax on bonus shares for individuals who are not listed on the Active Taxpayers List (ATL). The tax managers at the FBR have recommended amendments to the Income Tax Ordinance, 2001, to be implemented in the forthcoming budget for 2024-25.
(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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Expected Tax Measures in 2024-25 Budget to Raise Rs 600 Billion
PkRevenue.com – Analysts at Topline Securities Limited have projected a series of key tax measures that the government is likely to announce in the 2024-25 budget to generate approximately Rs 600 billion in additional revenue.
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Strict Measures Likely in 2024-25 Budget Ahead of IMF Program
PkRevenue.com – Analysts at Topline Securities Limited have predicted that strict fiscal measures will be implemented in the forthcoming federal budget for 2024-25 to align with the requirements of the new loan program with the International Monetary Fund (IMF).
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Pakistan Targets 3.6% Growth in FY25 Amid Promising Outlook
PkRevenue.com – In a robust review of the proposed annual plan for the fiscal year 2024-25, the Annual Plan Coordination Committee (APCC) painted a positive economic picture for Pakistan.
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SECP Proposes Revival of Tax Credits on IPO Investments
PkRevenue.com – The Securities and Exchange Commission of Pakistan (SECP) has proposed the revival of tax credits for investments in initial public offerings (IPOs). The proposal is part of SECP’s recommendations for the 2024-25 federal budget.
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Pakistan Poised for Sales Tax Hike and Income Tax Overhaul
PkRevenue.com – Pakistan is preparing to further increase the sales tax rate in the upcoming 2024-25 budget to generate significant revenue for the next fiscal year.
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SECP Proposes Tax Relief for Share Investors in 2024-25 Budget
PkRevenue.com – In a bid to stimulate the stock market and promote investment, the Securities and Exchange Commission of Pakistan (SECP) has put forward a series of tax relief proposals for the 2024-25 budget.
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Steel Industry Representatives Meet Finance Minister
PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 2024-25 budget.
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FBR Suggests New CGT on Non-Residents’ Capital Assets
PkRevenue.com – In a move aimed at tightening tax regulations, the Federal Board of Revenue (FBR) has proposed the imposition of capital gains tax (CGT) on the disposal of capital assets by non-residents.
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UNISAME Fears More Tax Burden Will Cripple SME Sector
PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.
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