Taxation

ISLAMABAD: The federal government has reportedly imposed an 18% sales tax on the import of cotton fiber, yarn, and greige cloth, nearly a month after the announcement was

ISLAMABAD: The Prime Minister’s Office announced on Wednesday that the retail sector paid an additional Rs455 billion in income tax during the fiscal year 2024–25.

KARACHI: Prime Minister Shehbaz Sharif on Wednesday commended the Federal Board of Revenue (FBR) for its successful reform initiatives, as the number of income tax return file

ISLAMABAD: The Federal Board of Revenue (FBR) has officially announced the implementation of a New Energy Vehicle (NEV) adoption levy, targeting internal combustion engine (IC

ISLAMABAD : The federal cabinet on Wednesday approved a five-year extension of the exemption on the import of life-saving medicines, including anti-cancer and cardiac drugs, t

ISLAMABAD: The federal cabinet has approved a 15% increase in pensions provided by the Employees’ Old-Age Benefits Institution (EOBI), effective from January 1, 2025. Th

KARACHI: The Karachi Tax Bar Association (KTBA) has formally written to the Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, raising serious concerns r

ISLAMABAD:The Federal Board of Revenue (FBR) has officially announced that the Income Tax Return Filing Portal for Tax Year 2025 will open on July 15, 2025. From this date, al

ISLAMABAD: Despite bearing a record tax burden, Pakistan’s salaried class paid a staggering Rs555 billion in income tax during the fiscal year 2024-25, yet the Federal B

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a tax-free mobile registration facility for overseas Pakistanis during their visits to the country, valid for 120 d