Taxation

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

Islamabad: The government is considering postponing the presentation of the national budget by two days due to the upcoming Eid holidays. The budget, originally scheduled for

KARACHI: The Southern Region of Appraisement has ramped up efforts against import fraud, uncovering a major tax evasion case worth over Rs 700 million. The Collectorate o

ISLAMABAD: In a strategic move ahead of the FY2025-26 federal budget, the Federal Board of Revenue (FBR) has carried out a major reshuffle, transferring 54 senior officers acr