The Federal Board of Revenue’s (FBR) much-hyped Tajir Dost Scheme — an initiative designed to bring retailers and traders into the formal tax net — has officially ended in failure, according to the latest International Monetary Fund (IMF) country report on Pakistan, released on May 17, 2025.
(more…)Category: Taxation
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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FBR targets high-risk taxpayers in real estate and retailers
Islamabad, May 18, 2025 – The Federal Board of Revenue (FBR) has intensified its efforts to crack down on high-risk taxpayers, particularly within Pakistan’s booming real estate and retail sectors.
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FPCCI rejects Tax Laws (Amendment) Ordinance, 2025
Karachi, May 18, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has categorically rejected the recently issued Tax Laws (Amendment) Ordinance, 2025, calling it a major setback for the economy and a threat to investor confidence.
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FBR expands transit fee on Afghan goods through new SRO
Islamabad, May 18, 2025 – The Federal Board of Revenue (FBR) has formally issued SRO 816(I)/2025 to expand the scope of the transit fee imposed on commercial goods destined for Afghanistan through Pakistan.
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Pakistan to phase out additional duties and taxes for auto sector
Islamabad, May 18, 2025 — In a major policy shift aimed at liberalizing trade and boosting industrial efficiency, Pakistan has announced plans to phase out additional duties and taxes on raw materials used in the auto sector.
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Pakistan set to impose carbon levy in budget 2025-26
Islamabad, May 18, 2025 — In a significant policy shift toward environmental sustainability, Pakistan is poised to impose a carbon levy in the upcoming federal budget for fiscal year 2025-26.
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Jewellery exporters urge key tax reforms in budget 2025-26
Karachi, May 18, 2025 – The Pakistan Gems and Jewellery Development Company has submitted an extensive set of proposals for the upcoming federal budget 2025-26, urging the government to introduce critical reforms to ensure the survival and competitiveness of Pakistan’s jewellery exporters.
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KTBA recommends 40% tax credit for teachers and researchers
Karachi, May 18, 2025 – The Karachi Tax Bar Association (KTBA) has called for the restoration of a 40% tax credit on income earned by qualified teachers and researchers in its detailed budget proposals for the fiscal year 2025-26.
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan and IMF engage in talks on salary tax rationalization
Islamabad, May 17, 2025 – Pakistan and the International Monetary Fund (IMF) have initiated crucial discussions on the rationalization of salary taxation in the forthcoming federal budget for the fiscal year 2025-26.
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