As the countdown to the federal Budget 2025–26 begins, the future of the controversial super tax hangs in the balance.
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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 considers ending major sales tax exemption in FY26 budget
ISLAMABAD: The Federal Board of Revenue (FBR) is actively reviewing proposals to withdraw sales tax exemptions on various sectors, including solar panel imports, as part of its broader tax reforms in the upcoming budget 2025-26.
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Parliamentarians urge tobacco tax hike to protect public health
A strong collective voice from parliamentarians, public health experts, and civil society leaders has called for a significant increase in tobacco taxation in Pakistan.
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Utopia battles one-year tax refund delay from FBR
Islamabad, May 29, 2025 – The Federal Board of Revenue (FBR) has withheld both sales tax and income tax refunds claimed by Utopia Industries for over a year, causing serious financial strain on one of Pakistan’s top export companies.
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Budget 2025-26 eyes revenue with tough new measures
Karachi, May 29, 2025 — As the countdown begins for the presentation of Budget 2025-26 on June 10, economic analysts anticipate a challenging fiscal blueprint aimed at aggressive revenue mobilization amid low inflation and sluggish GDP growth.
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FBR imposes major penalty on four customs officials for negligence
Islamabad, May 26, 2025 — The Federal Board of Revenue (FBR) has concluded disciplinary proceedings against four officials from the Collectorate of Customs Sambrial, Sialkot, in a high-profile misdeclaration case involving import transshipment TP No. KPPO-TP-24787 dated November 6, 2024.
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KTBA pushes for zero-rated sales tax on NPOs in budget 2025–26
Karachi, May 29, 2025 – In a major policy recommendation ahead of the upcoming federal budget, the Karachi Tax Bar Association (KTBA) has called on the government to introduce zero-rated sales tax for all Non-Profit Organizations (NPOs), particularly those engaged in critical public welfare services like healthcare and education.
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Pakistan, IMF deliberate FY26 budget measures to raise revenues
The government of Pakistan has entered into critical discussions with the International Monetary Fund (IMF) regarding fiscal reforms to be incorporated in the upcoming federal budget for FY2025-26, with a central focus on bolstering tax collection and reducing the widening fiscal deficit.
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ICAP demands ironclad customs to defend CPEC integrity
Karachi, May 29, 2025 — The Institute of Chartered Accountants of Pakistan (ICAP) has presented a comprehensive set of proposals for the upcoming federal budget 2025–26 aimed at eliminating smuggling and illegal trade along the China-Pakistan Economic Corridor (CPEC).
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FCA crumbles under scrutiny, customs committee sounds alarm
Karachi, May 28, 2025 – In a dramatic turn of events, a key committee within Pakistan Customs has delivered a stunning blow to the controversial Faceless Customs Assessment (FCA) system, declaring it a failure and recommending its immediate suspension.
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