Karachi, June 8, 2025 – In a forward-looking move aimed at promoting sustainability and innovation, the Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted detailed proposals for green tax reform as part of its recommendations for the federal budget 2025-26.
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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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Illicit trade with India draining Pakistan economy: OICCI
Karachi, June 8, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the mounting economic damage inflicted on Pakistan due to illicit and undocumented trade with India.
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Foreign giants pressure Pakistan to slash tobacco taxes in budget
Karachi, June 8, 2025 — As the countdown to Budget 2025-26 intensifies, foreign tobacco players have launched a high-stakes pressure campaign on Pakistan, demanding the government roll back tax rates on deadly tobacco products — a move that could spell disaster for public health and national finances alike.
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FBR plans to block ATL benefits for nil filers in 2025-26 budget
In a decisive move to tighten the noose around tax dodgers, the Federal Board of Revenue (FBR) has finalized a groundbreaking legal proposal aimed squarely at ‘nil filers’ — individuals and entities who submit income tax returns with zero declared income solely to gain benefits of the Active Taxpayers List (ATL).
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Budget 2025-26: Government targets freelancers with new tax plan
Islamabad, June 7, 2025 — The federal government is preparing to bring freelancers under the tax radar as part of major fiscal reforms in the upcoming budget for 2025-26, scheduled to be presented on June 10.
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FED on properties may be abolished in Budget 2025-26
Islamabad, June 7, 2025 – The Federal Excise Duty (FED) imposed on the transaction of immovable properties is likely to be abolished in the upcoming federal budget for 2025-26, expected to be presented on June 10.
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Customs appraising officer censured for inefficiency on FBR inquiry
Islamabad, June 7, 2025 – The Federal Board of Revenue (FBR) has imposed the penalty of censure on a customs appraising officer after an inquiry found him guilty of inefficiency during an official examination process.
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Budget Shock 2025-26: tax on cash withdrawal set to double
ISLAMABAD – In what is being dubbed a bombshell ahead of the federal budget 2025-26, the government of Pakistan is reportedly set to double the withholding tax on cash withdrawal from banks, a move that could shake businesses and individuals alike.
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LTO Karachi poised to smash Rs3 trillion barrier first-time
KARACHI – June 6, 2025: In a historic and electrifying milestone, the Large Taxpayers Office (LTO) Karachi is poised to smash through the Rs3 trillion barrier in revenue collection for the very first time in Pakistan’s tax history.
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Pakistan’s corporate tax burden highest in Asian region: KTBA
Karachi, June 6, 2025 – The Karachi Tax Bar Association (KTBA) has called on the federal government to lower Pakistan’s corporate tax rate, highlighting that it is currently the highest in Asia.
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