KARACHI: In a strong display of solidarity, the Karachi Chamber of Commerce and Industry (KCCI) and the Rawalpindi Chamber of Commerce and Industry (RCCI) have jointly voiced firm opposition to the Tax Ordinance (Amendment) 2025, calling it detrimental to business growth and investor confidence in Pakistan.
(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.
-
KTBA urges FBR to prioritize return enforcement over high tax rates
Karachi, May 6, 2025 – The Karachi Tax Bar Association (KTBA) has formally recommended that the Federal Board of Revenue (FBR) reorient its tax policy strategy by prioritizing the enforcement of tax return filing rather than relying heavily on collecting higher taxes from non-filers.
(more…) -
FBR to establish tax facilitation counter for Karachi businesses
Karachi, May 6, 2025 – In a significant move to strengthen ties with the business sector and improve transparency, the Federal Board of Revenue (FBR) has announced the establishment of a dedicated tax facilitation counter in Karachi.
(more…) -
Key measures in Tax Laws (Amendments) Ordinance, 2025
The Tax Laws (Amendments) Ordinance, 2025 has introduced several significant changes to the Income Tax Ordinance, 2001 (ITO 2001) and the Federal Excise Act, 2005.
(more…) -
FBR mulls tax on high pensions, income tax relief in FY26 budget
As Pakistan gears up for Budget 2025-26, the Federal Board of Revenue (FBR) is actively working on two major fiscal proposals — imposing a tax on high-value pensions and increasing the income tax exemption threshold for salaried individuals.
(more…) -
Finance Ministry Justifies Tax Laws (Amendment) Ordinance, 2025
Islamabad, May 5, 2025 — The Finance Ministry on Monday defended the recently issued Tax Laws (Amendment) Ordinance, 2025, saying it aims to plug legal and administrative gaps in the tax system and ensure fair and efficient tax enforcement.
(more…) -
FBR dismisses senior IR officer over NAB corruption findings
Islamabad, May 5, 2025 – The Federal Board of Revenue (FBR) has officially dismissed a senior Inland Revenue Service (IRS) officer following serious corruption charges substantiated in a comprehensive investigation by the National Accountability Bureau (NAB).
(more…) -
RCCI opposes FBR authority to seize bank accounts
Rawalpindi, May 5, 2025 – The Rawalpindi Chamber of Commerce and Industry (RCCI) has voiced strong opposition to the sweeping powers granted to the Federal Board of Revenue (FBR) through a newly promulgated tax ordinance, warning that such unchecked authority could gravely undermine business confidence and economic activity.
(more…) -
PM Shehbaz orders swift crackdown on tax evasion, illegal trade
ISLAMABAD, May 5, 2025 – Prime Minister Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) and other relevant authorities to intensify their crackdown on tax evasion, under-invoicing, and commercial irregularities, stressing the need for strict legal action against those engaged in the sale and purchase of untaxed or illegally produced goods, especially counterfeit cigarettes.
(more…) -
Tax Laws (Amendment) Ordinance 2025 unconstitutional: KATI
KARACHI, May 5, 2025 – The Korangi Association of Trade and Industry (KATI) has vehemently rejected the recently enacted Tax Laws (Amendment) Ordinance 2025, branding it as unconstitutional, anti-business, and a grave threat to economic stability.
(more…)