High court rules in favor of FBR, telecom operator liable for Rs22 billion tax on tower asset transfer
Telecom operator transferred tower assets to its subsidiary in 2018 for Rs98.5 billion, recording a gain of Rs75.9 billion, but argued the transaction was exempt from taxÂ
FBR vows to tackle tax evasion with expanded monitoring in tobacco, retail sectorsÂ
Chairman Rashid Mahmood Langrial details plans to target non-compliant sectors, expand digital tax monitoring, and address loopholes in tobacco, retail, and passive income regimes
FBR grants Inland Revenue officers powers to arrest company executives for tax fraud
Under the new rules, an IR officer conducting an investigation may arrest directors, CEOs, chief financial officers, and individuals suspected of abetting tax fraud
Govt introduces Rs623 billion in new tax measures to meet fiscal targets
New tax measures target digital transactions, pension income, property sales, non-filers, and e-commerce, aiming to boost revenue and improve compliance
FBR officials to gain expanded authority similar to SHO powers
Taxmen will now have the authority to inspect chartered accountancy and audit firms preparing income tax returns, close unregistered bank accounts, and access the offices of tax advisers and firms where discrepancies in returns are suspected
Non-filers to be barred from opening bank accounts, purchasing property, vehicles, and investing in securities
Govt plans to raise tax on cash withdrawals by non-filers from 0.6% to 1%; measures aimed at expanding the tax base and enhancing economic documentation
Govt shifts focus from broadening tax base to equity, aims for Rs14 trillion revenue target: report
Higher taxes on low-income sectors and new measures like carbon tax, solar panel duties spark concerns as government seeks to meet ambitious fiscal goals.
Tax exemptions cost govt Rs5.84 trillion in 2024-25, a 50% increase
Sales tax exemptions on petroleum products and imports among major contributors to revenue loss
FBR to propose Rs 200 billion in new tax measures in Finance Bill 2025-26Â
New taxes include 18% sales tax on solar panels, e-commerce, and ultra-processed foods, as well as expanded scope of services and products under sales tax.
Provinces to seek cabinet approval for GST on services, set up agri income tax collection mechanism
All four provinces to implement transition from positive to negative list for GST on services by July 2025, aligning with IMF fiscal targets
FBR sets up special facilitation desks for overseas Pakistanis in major cities
Special desks established in Islamabad, Lahore, Peshawar, and Karachi to assist overseas Pakistanis with tax-related concerns; FTO also establishes Overseas Pakistanis Grievances Redressal Cell Â
FBR considers raising tax on interest income as part of IMF-backed relief measures
Proposed tax hike could impact savings, with potential 2% increase for both filers and non-filers on interest income in upcoming budget
Locally manufactured cars with up to 850cc engine capacity may face standard 18% sales tax
FBR reviews proposal to amend Sales Tax Act; proposal also includes potential changes to the importation rules for used vehicles
Govt plans to end sales tax exemption for former tribal areas in FY2025-26 budget
Move aims to raise over Rs45 billion but raises concerns over impact on fragile regional economy
FBR proposes higher withholding tax on non-filers’ bank withdrawals
Withholding tax rate on cash withdrawals by non-filers expected to rise from 0.6% to 1.2%, alongside new financial restrictions from July 1, 2025