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).
(more…)Tag: budget proposals
-
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.
(more…) -
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.
(more…) -
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.
(more…) -
ICAP suggests banking transaction monitoring for tax broadening
Karachi, May 31, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has urged the Federal Board of Revenue (FBR) to intensify monitoring of high-value banking transactions as a core strategy for the broadening of the tax base.
(more…) -
FBR mulls making NTN registration mandatory for informal sectors
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) is considering to implement mandatory NTN registration for Pakistan’s informal economic sectors as in the budget for fiscal year 2025–26.
(more…) -
Pakistan to eliminate ‘non-filer’ status in budget 2025-26
In a landmark shift in its taxation policy, Pakistan is preparing to eliminate the term ‘non-filer’ from its tax laws — a move set to be officially introduced in the upcoming Budget 2025-26.
(more…) -
Rs3 million banking transactions to face regulatory scrutiny soon
In a major move to tighten financial regulations and enhance transparency, a critical proposal is being considered for inclusion in Pakistan’s upcoming Budget 2025–26. The proposal recommends mandatory scrutiny of banking transactions exceeding Rs3 million, especially those conducted through personal bank accounts.
(more…) -
Will super tax finally end in budget 2025–26? Debate continues
As the countdown to the federal Budget 2025–26 begins, the future of the controversial super tax hangs in the balance.
(more…) -
FBR considers ending major sales tax exemption in FY26 budget
ISLAMABAD: The Federal Board of Revenue (FBR) is actively reviewing proposals to withdraw sales tax exemptions on various sectors, including solar panel imports, as part of its broader tax reforms in the upcoming budget 2025-26.
(more…)