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 Â
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 authorityÂ
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