Islamabad: Pakistan Customs has issued a new valuation ruling for determining customs duties and taxes on the import of plastic raw materials.
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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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PBC Recommends Establishment of National Tax Authority
Islamabad: The Pakistan Business Council (PBC) has put forth comprehensive policy recommendations for the upcoming budget 2025-26, emphasizing the need for a fully authorized National Tax Authority (NTA).
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FBR Collects IR Officials’ Data for Rightsizing Initiative
Karachi, January 28, 2025 – The Federal Board of Revenue (FBR) has initiated a comprehensive data collection process for officials serving in the Inland Revenue (IR) department. This move aims to compile and submit detailed records to the high-powered committee overseeing the rightsizing of the federal government.
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Minister Aurangzeb Announces Major Shift in Tax Policy Control
Islamabad, January 28, 2025 – Finance Finance Minister Muhammad Aurangzeb on Tuesday announced a significant administrative shift aimed at streamlining tax administration and boosting revenue collection in Pakistan.
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Punjab Extends Deadline for Motor Vehicle Tax Payments
Lahore, January 28, 2025 – The Punjab Excise and Taxation Department has announced an extension to the deadline for motor vehicle tax payments, providing vehicle owners additional time to clear their dues.
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Karachi Tax Bar Highlights Challenges in Property Valuation
Karachi, January 28, 2025 – The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the fair market value (FMV) assessment of multi-storied built-up properties in Karachi.
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How FBR Selects Cases for Sales Tax Audit
Islamabad, January 28, 2025 – The Federal Board of Revenue (FBR) has officially issued the criteria for selecting cases for audit under the Sales Tax laws. These guidelines are outlined in Rule 44A of the Sales Tax Rules, 2006, which details the methodology and procedures for audit selection and conduct.
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FBR Targets Source of Income in Property Transactions
Islamabad – The Federal Board of Revenue (FBR) is intensifying its efforts to ensure transparency in Pakistan’s real estate sector by scrutinizing the source of income used in property transactions. This initiative is aimed at combating tax evasion and fostering accountability within the industry.
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PTBA Focuses Digitalization in Tax Proposals for Budget 2025-26
Karachi, January 28, 2025 – The Pakistan Tax Bar Association (PTBA) has presented its comprehensive tax proposals for the federal budget 2025-26, emphasizing the need for digitalization across all stages of economic activity.
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PM Task Force Examines High Property Transaction Taxes
Islamabad, January 27, 2025 – A high-level task force, established by Prime Minister Shehbaz Sharif, convened on Monday to deliberate on the pressing issue of high taxes on property transactions and its impact on the real estate sector.
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