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
July-May FY2024-25: Tax shortfall hits Rs1.03 trillion despite aggressive revenue measures
FBR collects Rs10.21 trillion against Rs11.24 trillion target; May shortfall alone Rs205 billion amid rising income tax but lagging sales and customs duties
Pak-Afghan chamber urges FBR to decentralize customs assessments amid delays
Centralization of goods declarations in Karachi causes clearance delays, impacting upcountry dry ports
Govt mulls 1.5% withholding tax on imports to boost revenues amid tax refund delays: report
Plan aims to curb under-declaration of import values by taxing payments to overseas suppliers through banks, while exporters face pending tax refunds
FBR mulls withdrawing sales tax exemption on solar panels in upcoming budget
FBR Chairman reveals proposals to end tax exemptions, while refineries highlight tax issues hindering $6 billion investment
Internal review brands Pakistan’s Faceless Customs Assessment system a failure: reportÂ
Committee report reveals increased cargo dwell times and drop in customs revenue after FCA implementation
FBR suspends senior auditor over harassment complaints at feed mill
Suspended auditor served at a feed mill to monitor the supply of taxable goods; industry representative calls for better support for staff and avoidance of undue inspections
Govt to impose 18% sales tax on goods from ex-tribal areas
Revenue from the new tax expected to exceed Rs45 billion in FY25-26