Karachi, June 4, 2025 – The business community across Pakistan has issued a strong and united condemnation of the government’s reported plan to impose Capital Value Tax (CVT) on a broad range of movable assets in the upcoming 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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Government may withdraw further sales tax in budget 2025-26
ISLAMABAD – In a major policy shift, the federal government is expected to withdraw the further sales tax in the upcoming Budget 2025–26 as part of its broader strategy to encourage documentation across the entire supply chain. This move aims to bring more businesses, particularly dealers, wholesalers, and retailers, into the formal tax net.
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Islamabad High Court stays enforcement of tax recovery ordinance
In a significant development, the Islamabad High Court has issued a stay order against the implementation of the recently promulgated Tax Laws (Amendment) Ordinance, 2025.
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FBR advised to honor loyal taxpayers for expanding tax net
Karachi, June 3, 2025 – In a powerful and game-changing proposal ahead of the federal budget 2025-26, the Institute of Chartered Accountants of Pakistan (ICAP) has sounded the alarm: If the FBR wants more taxpayers, it must start by honoring the ones it already has.
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PRA achieves record Rs26 billion sales tax collection in May 2025
Lahore, June 3, 2025 – The Punjab Revenue Authority (PRA) has set a new benchmark in its revenue collection efforts by securing a record Rs26 billion in sales tax on services during May 2025.
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Major overhaul of CGT on securities expected in Budget 2025-26
Karachi, June 3, 2025 — A significant overhaul in the structure of Capital Gains Tax (CGT) on the disposal of securities is likely to be announced in the upcoming budget for the fiscal year 2025–26, according to sources close to the Federal Board of Revenue (FBR).
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FBR gets court approval for Rs26 bn tax recovery from Bahria Town
Islamabad – June 3, 2025: The Federal Board of Revenue (FBR) has achieved a major legal victory as the Islamabad High Court (IHC) approved tax recovery of over Rs26 billion from Bahria Town.
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PM Shehbaz expresses satisfaction over faceless customs reforms
Islamabad, June 2, 2025 – Prime Minister Shehbaz Sharif expressed deep satisfaction on Monday regarding the impressive progress and performance of the faceless customs assessment system, describing it as a significant step toward transparency and efficiency in Pakistan’s revenue operations.
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FY26 Budget Bombshell: Pakistan plans CVT on movable assets
Islamabad, June 2, 2025 – The government of Pakistan is likely to reintroduce Capital Value Tax (CVT) on movable assets in the upcoming federal budget for fiscal year 2025-26. Highly placed sources revealed on Monday that the proposed tax will specifically target the country’s wealthiest individuals, aiming to tap into movable assets such as cash, gold, savings, and investments.
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Tax on bank deposits likely to Increase in Budget 2025-26
The Federal Board of Revenue (FBR) is considering a proposal to increase tax rates on profit earned from bank deposits in the upcoming federal budget for 2025-26.
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