FBR chairman defends new tax rule on high-value cash sales, assures no political interference

Langrial says govt will not reverse new legislation disallowing 50% of expenditure for cash sales exceeding Rs200,000 per transaction; clarifies no political victimisation of politicians in tax matters

Trading Corporation of Pakistan, private sector granted major tax exemptions on sugar imports

Sales tax reduced from 18% to 0.25%, withholding tax lowered to 0.25%, and 3% minimum value-added tax waived on import of 500,000 metric tons of sugar

FBR introduces new 25-page electronic income tax return form for individuals

Tax authority also introduces draft income tax return form for companies under, provides 7-day window to submit objections or suggestions  

Finance minister chairs meeting on FBR transformation and institutional reforms

Key steps discussed for enhancing FBR’s efficiency, accountability, and tax collection capabilities

FBR clarifies tax rates for overseas Pakistanis on property transactions

Non-filers with valid Pakistan Origin Card or NICOP can avail filer rate on property deals, says tax authority 

Salaried class pays Rs545 billion in taxes, more than double the combined amount paid by exporters, retailers in FY25

Retailers paid Rs62 billion, eight times less than salaried individuals; exporters contributed Rs180 billion despite earning in foreign currency

FBR reports 40% surge in sales tax collection through PoS system in FY25

Growth driven by digital initiatives, enforcement actions, and increased tax compliance in retail sector

FBR targets 18% tax-to-GDP ratio by 2027-28 with focus on higher provincial contributions, transparency

FBR chairman outlines tax strategy, emphasizing increased provincial contribution to 3% and federal contribution to 15%

Govt reduces regulatory duties on imported food, vehicles, and personal care goods

Duties cut by 44% on SUVs, 15% on cars, 10% on cheese, 5% on poultry; pet food, cosmetics, and other goods also see reductions

Hotels, marriage halls, beauty parlours, and professional services in Islamabad Capital Territory to face 15% sales tax

5% GST for restaurant services paid via digital methods; 15% GST on cash payments

Large Taxpayers Office Karachi achieves record Rs3.5 trillion revenue in FY25

Historic collection includes Rs184.7 billion in a single day and a 29% annual growth, with income tax as the highest contributor

FBR misses tax target for FY2024-25 by Rs178 billion

Despite imposing higher taxes and increasing petroleum levy, govt fails to close the gap; tax-to-GDP ratio remains slightly above 10%, yet missing IMF target of 10.6%

Audit highlights 76% rise in income tax filers fails to boost revenue, tax-to-GDP ratio drops to 8.7%

AGP attributes this discrepancy to individuals filing returns primarily to benefit from reduced tax rates on property and vehicle sales, without paying any meaningful taxes

Amended Finance Bill: Individuals facilitating tax fraud through bank accounts to face prosecution

Under new definitions, anyone aiding tax fraud, including using business accounts for fraudulent activities, will be treated as an "abettor" and subject to legal action

Tax officials deployed at premises of solar companies to monitor sales

Initially, taxmen stationed at four major solar companies operating in Karachi 30 days Â