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Government Targets High Net Worth Individuals in Tax Reform Push

27-Dec-2024
Finance Minister Muhammad Aurangzeb on Thursday outlined the government’s plan to digitize the Federal Board of Revenue (FBR) to bring high net worth individuals (HNWIs) into the tax net.So far, the F...
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Government Targets High Net Worth Individuals in Tax Reform Push

Top 5% of Earners in Pakistan Owe Rs1.6 Trillion in Unpaid Taxes

26-Dec-2024
In a shocking revelation, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial disclosed that the top 5% of earners in Pakistan have evaded taxes amounting to Rs1.6 trillion. He shared thes...
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Top 5% of Earners in Pakistan Owe Rs1.6 Trillion in Unpaid Taxes

Pakistan Posts 12.57% Export Growth During 5MFY25

04-Dec-2024
Pakistan exports surged by 12.57% during the first five months of the fiscal year 2024-25 (July to November), reaching $13.69 billion, according to data released by the Pakistan Bureau of Statistics (...
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Pakistan Posts 12.57% Export Growth During 5MFY25

FBR Mandates Forensic Lab Tests for Vehicle Auctions

04-Dec-2024
The Federal Board of Revenue (FBR) has introduced a significant policy change, requiring the Customs Department to conduct forensic laboratory tests through reputable forensic labs before auctioning c...
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FBR Mandates Forensic Lab Tests for Vehicle Auctions

FBR Grants Tax Exemption to Overseas Pakistanis on Properties

02-Dec-2024
The Federal Board of Revenue (FBR) has announced an extension of tax exemptions for overseas Pakistanis involved in property transactions, reaffirming its commitment to facilitating expatriates.To str...
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FBR Grants Tax Exemption to Overseas Pakistanis on Properties

Pakistan, World Bank Discuss Tax Policy Framework

02-Dec-2024
Pakistan and the World Bank held discussions on Tuesday to develop a robust and transparent tax policy framework aimed at boosting revenue mobilization, improving compliance, and ensuring equitable ta...
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Pakistan, World Bank Discuss Tax Policy Framework

Tax on Telephone and Internet Users in Pakistan for TY 2025

02-Dec-2024
The Federal Board of Revenue (FBR) has reiterated its policy of collecting advance income tax from telephone and internet users under Section 236 of the Income Tax Ordinance, 2001.The FBR stated that ...
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Tax on Telephone and Internet Users in Pakistan for TY 2025

Carpet Manufacturers Seek Urgent Customs Duty Relief

02-Dec-2024
The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has called for immediate relief from customs duties that are severely hampering the survival and growth of the carpet manufacturing ...
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Carpet Manufacturers Seek Urgent Customs Duty Relief

KCCI Demands Removal of MRP Tea Valuation for Tax Collection

02-Dec-2024
The Karachi Chamber of Commerce and Industry (KCCI) has urged the authorities to remove the Minimum Retail Price (MRP) regulation from the tax valuation of tea. In a statement issued on Monday, KCCI P...
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KCCI Demands Removal of MRP Tea Valuation for Tax Collection

ATIR Rejects FBR Appeal Against Supernet on Technical Grounds

02-Dec-2024
The Appellate Tribunal Inland Revenue (ATIR) Islamabad dismissed an appeal filed by the Federal Board of Revenue (FBR) against M/s. Supernet Limited. The tribunal ruled the appeal non-maintainable und...
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ATIR Rejects FBR Appeal Against Supernet on Technical Grounds
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