Pakistan Revenue
Islamabad, July 2, 2025 – Think tax amnesties are a thing of the past? Think again. In a surprising twist, the Finance Act, 2025 may have quietly reintroduced an amnesty—but this time, it’s wrapped in legalese and called the “declaration of sufficient sources.” Confused? Let’s walk through it.
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Karachi, June 30, 2025 – In a dramatic turn that defies earlier promises and fiscal discipline, the government has secretly opened the doors of tax amnesty to ineligible persons under the garb of “declaration of sufficient sources.”
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Islamabad, February 9, 2025 – The government is unlikely to introduce any tax package for the real estate sector before the presentation of the budget for the fiscal year 2025-26.
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Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
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Karachi, January 17, 2024 – Pakistan has taken a significant step to boost its economy by announcing a tax amnesty for certain foreign currency transactions during the tax year 2024.
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KARACHI: Pakistan has withdrawn tax amnesties for industrial promotion through Finance Act, 2022 by making certain amendments to the Income Tax Ordinance, 2001, READ MORE: Pakistan expands tax exemptions under foreign treaties Analysts at PwC A. F. Ferguson & Co. explained amendments made through Finance Act, 2022 to Sections 59C, Section 65H and Section 100F […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has explained tax amnesty granted on equity investment for already existing or new industrial under taking. The government has granted immunity from questioning of source of funds through Income Tax (Amendment) Ordinance, 2022. A new section 100F has been inserted to the Income Tax Ordinance, 2001 to give […]
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ISLAMABAD: The federal government on Thursday launched a tax amnesty scheme for setting up new industrial units. The amnesty scheme has been introduced through a presidential ordinance. Under the amnesty scheme, the Federal Board of Revenue (FBR) will not ask the source of funds to be utilized for setting up the new industrial undertaking. However, […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified changes made through presidential ordinance to tax amnesty scheme available to developers and builders.
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ISLAMABAD – A tax amnesty providing relief on undeclared money to builders and developers for new housing projects is set to expire on December 31, 2020.
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