Islamabad, July 10, 2025 – In a significant development, the Competition Appellate Tribunal (CAT) has rejected the appeal filed by the Institute of Chartered Accountants of Pakistan (ICAP), upholding a previous decision by the Competition Commission of Pakistan (CCP) that penalized the institute for alleged price-fixing practices.
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ICAP calls for abolition of alternative corporate tax in FY26 Budget
Karachi, June 8, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has strongly recommended the abolition of the alternative corporate tax (ACT) in its formal proposals for the upcoming federal budget 2025-26.
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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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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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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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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.
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ICAP demands ironclad customs to defend CPEC integrity
Karachi, May 29, 2025 — The Institute of Chartered Accountants of Pakistan (ICAP) has presented a comprehensive set of proposals for the upcoming federal budget 2025–26 aimed at eliminating smuggling and illegal trade along the China-Pakistan Economic Corridor (CPEC).
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ICAP calls for automated tax refund credit system in FY26 budget
Karachi, May 28, 2025 – In a powerful push for fiscal reform, the Institute of Chartered Accountants of Pakistan (ICAP) has proposed the introduction of a fully automated tax refund credit system in the federal budget for 2025-26.
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Experts explode over salary tax: gross deductions outrage
Karachi, May 27, 2025 – A storm is brewing in the tax landscape as experts sound the alarm over what they describe as an unjust policy of taxing salary on the gross amount—not the net take-home pay—causing financial strain across Pakistan’s salaried class.
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ICAP battles brutal inflation with bold salary tax plan
KARACHI, May 27, 2025 — In a bold and potentially game-changing proposal ahead of the 2025-26 federal budget, the Institute of Chartered Accountants of Pakistan (ICAP) has roared into the spotlight by demanding immediate and sweeping relief for Pakistan’s long-suffering salaried class.
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