PkRevenue.com – A storm is brewing in the tax community as the Finance Bill 2024 proposes to revoke the power of Commissioners of Inland Revenue to issue tax exemption certificates.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Pakistan Eyes Over 33% Jump in FY25 Petroleum Levy Collection
Islamabad, June 16, 2024 – Pakistan is bracing for a significant rise in its petroleum levy collection in the upcoming fiscal year, with projections exceeding 33% growth.
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FBR Unveils Strategy to Achieve Rs 12.97 Trillion Target in 2024-25
The Federal Board of Revenue (FBR) is gearing up to achieve an ambitious tax collection target of Rs 12.97 trillion for the fiscal year 2024-25, according to the recently released budget documents.
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Senators Reject Hike in Tax Rates for Salaried Class
In a decisive move, senators have rejected the proposed increase in tax rates for the salaried class in the 2024-25 budget, following a comprehensive review of contributions from various sectors.
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FBR Forms Committees to Resolve Finance Bill 2024 Anomalies
Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 2024.
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PM Shehbaz Highlights 100 Days Achievements of His Government
Islamabad, June 15, 2024 – Prime Minister Shehbaz Sharif, in a televised address on Saturday, outlined the achievements of his administration during its first 100 days, while also detailing a comprehensive five-year agenda focused on economic stability and public welfare.
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Gold Prices Dip in Pakistan on Documented Transactions Drive
Karachi, June 15, 2024 – Gold prices in Pakistan witnessed a decline of Rs 200 per tola on Saturday, amid growing anticipation of a government crackdown aimed at mandating documentation for all gold transactions.
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Budget 2024-25 Focuses on Generating High Tax Revenue: KPMG
Karachi, June 15, 2024 – The budget for the fiscal year 2024-25 has drawn criticism from experts for its emphasis on generating higher tax revenue rather than broadening the tax base.
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Finance Bill 2024 Resolves Super Tax Application Dispute
Karachi, June 15, 2024 – The Finance Bill 2024 has addressed a longstanding dispute regarding the application of super tax, providing much-needed clarity for businesses, according to tax experts.
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PM Shehbaz Announces Petrol Price Cut by Rs 10.20 per Liter
Islamabad, June 14, 2024 – Prime Minister Shehbaz Sharif announced a reduction in petrol prices by Rs 10.20 per liter for the remaining days of June 2024. In addition to this, the price of high-speed diesel (HSD) will also be cut by Rs 2.33 per liter.
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