Pakistan is receiving support from top tax experts, financed by the World Bank, to review and evaluate proposals for the upcoming fiscal year 2025-26 budget.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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OICCI wants lower taxes on Pakistani-made vehicles in budget
Karachi, May 19, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government take urgent steps to rationalize the Federal Excise Duty (FED) and sales tax imposed on locally manufactured vehicles in the upcoming 2025-26 federal budget.
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LTO Karachi signals possible salary tax relief in budget 2025–26
Karachi, May 19, 2025 – The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the forthcoming federal budget 2025–26.
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Tajir Dost Scheme ends in failure, confirms IMF
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.
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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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