Karachi, May 21, 2024 – The Federal Board of Revenue (FBR) is considering imposing a new tax on the real estate sector, aiming to tap into an estimated Rs 500 billion.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
-
KCCI Seeks Sales Tax Exemption on Gold Import
Karachi, May 20, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to grant a sales tax exemption on the import of gold for export purposes.
(more…) -
KCCI Pushes for Inclusion of Commercial Importers in FTR
The Karachi Chamber of Commerce and Industry (KCCI) has called for the inclusion of commercial importers into the Final Tax Regime (FTR), particularly concerning the tax treatment at the import stage.
(more…) -
PBC Recommends Abolishing Section 8B of Sales Tax Act
Karachi, May 19, 2024 – The Pakistan Business Council (PBC) has proposed the abolition of Section 8B of the Sales Tax Act, 1990, in its budget recommendations for the fiscal year 2024-25.
(more…) -
OICCI Demands Abolishing Advance Tax on Telecom Subscribers
Karachi, May 18, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed the abolition of advance tax on telecom subscribers in the upcoming budget for 2024-25.
(more…) -
KCCI Suggests Adjusting Refunds against Sales Tax Liability
Karachi, May 18, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed that the Federal Board of Revenue (FBR) permit the adjustment of sales tax refunds against sales tax liabilities to address significant delays in payments.
(more…) -
SAI Presents Budget Proposals to Promote Industrialization
Karachi, May 17, 2024 – The SITE Association of Industry (SAI), representing Pakistan’s largest and most diverse industrial base, has submitted a comprehensive set of proposals for the 2024-25 budget aimed at promoting industrialization and sustainable economic growth in the country.
(more…) -
Karachi Chamber Advocates for Restricting Super Tax Scope
The Karachi Chamber of Commerce and Industry (KCCI) has put forth a recommendation to limit the scope of super tax implementation in the upcoming budget for 2024-25.
(more…) -
KCCI Submits Taxation Plan for Cryptocurrency Income in Pakistan
The Karachi Chamber of Commerce and Industry (KCCI) has proposed a comprehensive plan to tax income derived from cryptocurrency transactions within Pakistan’s jurisdiction, marking a significant step towards regulating the burgeoning digital asset market in the country.
(more…) -
Aurangzeb Confirms Tax Exemption for FATA, PATA Ends June 30
Federal Minister for Finance Senator Muhammad Aurangzeb disclosed to the National Assembly on Thursday that there are no plans for new legislation to extend tax and duty exemptions for the erstwhile Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) regions.
(more…)