Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
Chartered accountants’ body proposes raising daily cash withdrawal limit to Rs75,000 for non-filers amid inflation and higher business cash-flow needs.
The Institute of Chartered Accountants of Pakistan has proposed increasing the daily cash withdrawal threshold for withholding tax collection in the federal budget for fiscal year 2026-27.
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Chartered accountants’ body proposes CPI-based adjustment of salary tax slabs to ease burden on salaried class amid persistent inflation.
The Institute of Chartered Accountants of Pakistan has proposed linking salary tax slabs with Consumer Price Index (CPI) inflation in the federal budget 2026-27 to reduce the growing tax burden on salaried individuals.
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IMF asks Pakistan’s tax authority to provide comprehensive information on refund arrears to improve transparency and ease business liquidity pressures.
The International Monetary Fund has asked the Federal Board of Revenue to provide detailed information on pending tax refund claims as part of ongoing efforts to address liquidity pressures faced by businesses in Pakistan.
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Karachi Tax Bar Association urges expansion of documentation rules across all trade levels to widen tax base and improve transparency.
The Karachi Tax Bar Association (KTBA) has proposed extending the requirement of collecting Computerized National Identity Card (CNIC) and National Tax Number (NTN) details throughout the entire supply chain, in a move aimed at broadening Pakistan’s tax base and improving documentation of economic activity.
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Tax bar urges reduction in property withholding taxes, says current rates are hurting real estate activity and investment
The Karachi Tax Bar Association (KTBA) has called for an end to higher withholding tax rates on immovable property transactions, saying the current structure is discouraging activity in the real estate sector.
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Tax relief aims to reduce commuter costs and support growth of digital two-wheeler transport platforms
The Sindh Revenue Board (SRB) has reduced sales tax on motorcycle ride-hailing services from 5% to 2% in a move aimed at providing relief to commuters and riders amid rising inflationary pressures.
(more…)Tax bar says punitive withholding taxes have become a revenue tool instead of improving documentation and compliance
The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to abolish higher withholding tax rates imposed on non-filers and instead strengthen targeted enforcement measures to expand the tax net.
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Commercial banks directed to remain open late on May 29-30 to facilitate duty and tax payments
The Federal Board of Revenue (FBR) has requested the State Bank of Pakistan (SBP) to extend banking hours on May 29 and 30, 2026 to facilitate the collection of government duties and taxes.
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Revised valuation ruling covers wide range of toy imports amid changes in global prices and trade patterns
The Federal Board of Revenue (FBR) has issued fresh customs values for imported toys and toy parts to determine duties and taxes at the import stage.
(more…)Business council urges tougher taxation on non-filers through electricity bills to expand Pakistan’s tax base
The Pakistan Business Council (PBC) has proposed a sharp increase in withholding tax rates on electricity consumers who are not filing income tax returns in its budget proposals for 2026-27.
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