Taxation

KARACHI: The Sindh government has unveiled a major overhaul of its taxation structure in the FY2025–26 budget, reducing the sales tax on services from 10% to 8% and prop

ISLAMABAD: In a key budgetary decision, the government has proposed raising the daily cash withdrawal limit for non-filers to Rs75,000, up from the existing Rs50,000, offering

Islamabad:  The Islamabad High Court (IHC) has ruled in favor of the Federal Board of Revenue (FBR) in a high-profile tax case involving a Rs59.3 billion transaction by a

KARACHI: Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, announced a major revamp of Pakistan’s tax compliance framework, pledging aggressive ac

ISLAMABAD: In a surprising move that has drawn criticism from environmental advocates and industry stakeholders, the federal government has proposed an 18% sales tax on import

ISLAMABAD: In a bid to ease financial pressure on the working population, Finance Minister Muhammad Aurangzeb on Tuesday announced income tax cuts for low- and middle-income s

Islamabad: Pakistan is expected to reduce import duties on a wide range of cosmetic products in the upcoming federal budget for the fiscal year 2025-26, scheduled to be presen

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly opposed reports of new taxes being imposed on existing taxpayers in the upcoming fed

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are close to finalising a deal that would provide income tax relief to the salaried class in the upcoming 2025&nd

ISLAMABAD: The government is contemplating the introduction of a 1.5 percent withholding tax on the value of imports, which could become the largest new revenue source in the