Karachi, April 25, 2025 – Pakistan has set new customs valuation for old and used computers and laptops to determine duty and taxes.
(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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FBR issues fresh customs valuation for Apple iPhones
Karachi, April 25, 2025 – The Federal Board of Revenue (FBR) has issued fresh customs valuation for Apple iPhones for determination of duty and taxes.
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KCCI seeks tax credit revival to stimulate industrial investment
Karachi, April 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reinstate the previously available tax credit under Section 65B of the Income Tax Ordinance, 2001, in a bid to encourage industrial investment and economic growth.
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FBR sees 28% drop in tax revenue from cash withdrawals
Karachi, April 25, 2025 – The Federal Board of Revenue (FBR) has reported a notable 28% decrease in tax collection from cash withdrawals during the month of March 2025, highlighting a major shift in the behavior of banking customers.
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PSX urges mandatory payment digitization to boost documentation
Karachi, April 25, 2025 – The Pakistan Stock Exchange (PSX) has strongly advocated for the digitization of all payment systems in its proposals for the upcoming federal budget 2025–26.
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March 2025 tax collection from bank deposits plunges 54%
KARACHI, April 24, 2025 — The Federal Board of Revenue (FBR) has experienced a sharp decline in income tax collection from profits on bank deposits in March 2025, with receipts plunging by 54% compared to the same month last year.
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ICMAP recommends transparent tax framework for traders
KARACHI, April 24, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has emphasized the urgent need for a transparent and efficient tax mechanism to bring traders into the formal tax system.
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World Bank flags Pakistan for lowest tax buoyancy among EMDEs
Pakistan has once again been identified by the World Bank as having one of the weakest tax buoyancies among Emerging Market and Developing Economies (EMDEs), placing it in the bottom quartile.
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FBR sets strict deadlines for electronic invoice integration
Islamabad, April 23, 2025 — The Federal Board of Revenue (FBR) has issued fresh directives mandating registered taxpayers to integrate their invoicing systems electronically in accordance with the country’s push toward greater tax digitization and compliance.
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FBR virtually halts new sales tax registration: KTBA
Karachi, April 23, 2025 — The Karachi Tax Bar Association (KTBA) has raised serious concerns over the abrupt cessation of new sales tax registration by the Federal Board of Revenue (FBR), calling the move disruptive and counterproductive to business compliance and economic activity.
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