The Pakistan Stock Exchange (PSX) has submitted a series of tax proposals to the federal government for consideration in the upcoming budget for the fiscal year 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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FBR Seeks New Ideas to Boost Revenue from Undertaxed Sectors
Karachi, February 24, 2024 – In a bid to enhance revenue collection and address the issue of undertaxed sectors, the Federal Board of Revenue (FBR) has urged the offices of Inland Revenue (IR) to contribute new and innovative ideas.
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FBR Seeks Tax Proposals as Pakistan Prepares Budget 2024-25
Islamabad, February 22, 2024 – The Federal Board of Revenue (FBR) has taken a proactive step towards promoting transparency and inclusivity in the upcoming budget formulation process by inviting trade bodies to submit tax proposals for the fiscal year 2024-25.
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FBR Seeks Customs Duty Proposals for Budget 2024-25
Islamabad, February 19, 2024 – The Federal Board of Revenue (FBR) has officially initiated the process of gathering customs duty proposals for the upcoming budget of 2024-25, inviting input from all chambers of commerce and industry.
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Pakistan Set to Unveil Federal Budget 2024-25 in Early June
In a significant move towards fiscal transparency and governance, Pakistan is gearing up to present its federal budget for the fiscal year 2024-25 in the first week of June.
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Up to 10% Advance Tax Imposed on Value of New Motor Vehicles
Islamabad, June 26, 2023: The National Assembly of Pakistan on Sunday June 25, 2023 approved the budget 2023-24 with allowing up to 10 percent advance tax on new motor vehicles.
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New Tax Rates for Business Individuals and AOPs Effective From July 01, 2023
Islamabad, June 26, 2023 – The National Assembly of Pakistan has approved new tax rates for business individuals and Association of Persons (AOPs) as part of the budget for the fiscal year 2023-24.
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New Tax Rates For Salary Income Applicable from July 01, 2023
Islamabad, June 26, 2023 – The National Assembly of Pakistan has passed the budget for the fiscal year 2023-24, introducing new tax rates for salary income.
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Assembly Approves 35% Salary Increase for Government Employees
Islamabad, June 25, 2023: Pakistan’s legislative assembly has given its approval for a significant increase of 35 percent in the salary of government employees for the fiscal year 2023-24.
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National Assembly Approves Budget 2023-24 with New Recommendations of Heavy Taxes
Islamabad, June 25, 2023: The National Assembly of Pakistan has given its approval to the budget for 2023-24, incorporating new recommendations for imposing significant taxes.
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