Islamabad, April 8, 2025 — In a significant policy shift, the Federal Board of Revenue (FBR) has issued new criteria for the assessment of sales tax on sugar supplies across the country.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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MTO Karachi Seals Divago Outlet for POS Non-Compliance
Karachi, April 8, 2025 – In a decisive move to enforce tax regulations, the Medium Tax Office (MTO Karachi) has sealed an outlet of Divago, a prominent pharmacy chain in Pakistan, due to its failure to integrate its Point of Sale (POS) system with the Federal Board of Revenue (FBR).
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KTBA Raises Red Flags on 8-Digit HS Code and UoM Compliance
The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) mandate requiring the declaration of eight-digit Harmonized System (HS) Codes and specific Units of Measurement (UoM) in sales tax returns.
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Cigarette, Pharma Distributors Receive Rs14.53Bn Tax Relief: FBR
Karachi, April 6, 2025 – In a striking revelation, the Federal Board of Revenue (FBR) has disclosed that distributors of cigarette and pharmaceutical products received a staggering Rs14.53 billion in tax concessions during the last fiscal year.
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UAE Launches Landmark Tax Reforms to Boost Investment
The UAE Ministry of Finance has introduced a series of transformative tax reforms aimed at spurring economic growth and attracting more investments into the region.
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Pakistan Updates Customs Valuation for Fresh Dates
KARACHI, April 5, 2025 — The Directorate General of Customs Valuation in Pakistan has issued a revised valuation ruling for imported dates, revising previously set customs values in light of new data and market assessments.
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Pakistan on Track to Achieve 10.6% Tax-to-GDP Ratio: Aurangzeb
Islamabad, April 5, 2025 – Finance Minister Muhammad Aurangzeb has announced that Pakistan is on course to achieve a tax-to-GDP ratio of 10.6% by the end of the current fiscal year, marking a major step forward in the country’s fiscal reform agenda.
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PTC Highlights TTS Failures in Tackling Illicit Tobacco Trade
Pakistan Tobacco Company (PTC) has expressed concerns that the implementation of the Track and Trace System (TTS) has not been effective in curbing the illicit trade of cigarettes as originally intended.
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KE Consumers Pay Rs 25 Billion Advance Tax in 8MFY25
Karachi, April 5, 2025 – K-Electric (KE) consumers have collectively paid a staggering Rs 25 billion as advance tax during the first eight months (July–February) of the current fiscal year 2024–25, marking a substantial increase in financial pressure amid rising energy costs.
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Pakistan Customs Revises Values for Old and Used Autoparts
Karachi, April 4, 2025 — Pakistan Customs has officially revised the customs values of old and used autoparts to align them with prevailing international market rates.
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