Islamabad, June 5, 2025 – Aamir Ibrahim, CEO of Jazz and Chairman of the Telecom Operators Association of Pakistan, has urged the government to ease the tax burden on the telecom sector in the upcoming fiscal year 2025–26 budget.
(more…)Tag: budget proposals
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Tax expert backs CVT for broadening tax base in budget 2025-26
Karachi, June 5, 2025 – A leading tax expert has strongly supported the implementation and expansion of the Capital Value Tax (CVT) in the upcoming federal budget 2025-26 as a strategic measure to broaden Pakistan’s tax base and improve equity in the tax system.
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New framework proposed to tax digital platforms in Pakistan
Islamabad, June 4, 2025 – A new framework has been put forward to bring digital platforms in Pakistan under the tax net. This proposal, presented by the Institute of Chartered Accountants of Pakistan (ICAP), is part of the country’s upcoming 2025–26 budget suggestions.
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Businessmen slam proposal to impose CVT on movable assets
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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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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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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Bangladesh unveils 2025–26 budget with focus on growth
Dhaka, June 3, 2025 — The government of Bangladesh has presented its national budget for the 2025–26 fiscal year, totaling 7.90 trillion taka (approximately 65 billion U.S. dollars).
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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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ICAP recommends WHT on royalty payments to local recipients
Karachi, June 1, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed the introduction of a structured withholding tax (WHT) mechanism on royalty payments made to resident individuals and entities.
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