Islamabad, July 2, 2025 – Think tax amnesties are a thing of the past? Think again. In a surprising twist, the Finance Act, 2025 may have quietly reintroduced an amnesty—but this time, it’s wrapped in legalese and called the “declaration of sufficient sources.” Confused? Let’s walk through it.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
-
Finance Act 2025: Major Amendments to Customs Duty
Islamabad, July 1, 2025 – The National Assembly has officially passed the Finance Act 2025, incorporating key changes to the customs duty regime of Pakistan as proposed earlier through the Finance Bill 2025.
(more…) -
Finance Act 2025 –Highlights of Key Changes to Sales Tax
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.
(more…) -
Finance Act 2025 – Highlights of Changes to Income Tax
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.
(more…) -
Pakistan Abolishes Carbon Levy
The Government of Pakistan has officially replaced the carbon levy with a newly introduced Climate Support Levy, effective from July 1, 2025.
(more…) -
Revised Super Tax Rates Effective July 1, 2025
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.
(more…) -
Ineligible persons get tax amnesty in Pakistan
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.”
(more…) -
Tax and surcharge on pension income to apply from FY 2025-26
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.
(more…) -
Finance Act 2025 defines ‘digitally delivered services’
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.
(more…) -
Audit firms face FBR inspection over dubious tax certification
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 matters.
(more…)