The federal government is planning new tax measures worth up to Rs. 600 billion in the 2025 26 budget on the income of freelancers, vloggers, TikTokers, and YouTubers.
According to Topline Securities, a 3.5 percent tax on social media income from platforms like YouTube and TikTok is proposed. This is expected to raise Rs. 52.5 billion. A tax of 2.5 to 5 percent on pensions above Rs. 400,000 per month is also under consideration, with expected revenue of Rs. 20-40 billion. Pension spending this year has already reached Rs. 673 billion and is expected to hit Rs. 1 trillion.
GST on selected items will be aligned with market prices based on the Pakistan Bureau of Statistics data. For sugar, the GST is currently calculated at Rs. 72.22 per kilogram while the market price is Rs. 150. This adjustment may generate Rs. 70-80 billion.
A 20 percent increase in federal excise duty on processed foods like snacks and biscuits is expected, with a target of 50 percent duty by 2029. Excise duty on cigarettes may also be increased.
The government has submitted a bill to eliminate the nonfiler category. Nonfilers would be barred from buying vehicles and property. Section 114C of the Income Tax Ordinance is expected to be introduced, possibly with threshold adjustments.
A petroleum development levy on furnace oil is under review. A Rs. 5 per liter increase in levy on petrol and diesel may be introduced as a carbon tax. This could raise Rs. 35-80 billion depending on the rate applied on furnace oil.
To meet an IMF target, the government must collect Rs. 295 billion from retailers by December 2025. It may raise advance taxes on distributors to achieve this.
The IMF has proposed a 5 percent increase in federal excise duty on fertilisers and pesticides, which could generate over Rs. 30 billion.
freelancer tax ? just mentioned in heading no details
is it planned for social media income only ??
ProPakistani just like sensationalize the news and they do it by headlines like these “”Govt Plans Rs. 600 Billion Tax Raid” with no regards for actual stories or the full content.
30-45 % tax should be put on earning from earning from social media like Instagram and tiktok. Freelancer should also be brought in tax net.
The government should not forget that IT service exporters have several safer ways to park their earnings outside the country. They would be shooting themselves in the foot by taking such measures. In my assessment, most IT firms and freelancers started using indirect channels to bring in remittances after the 1% tax was imposed — a move that broke the government’s earlier promise and led to a loss of trust.
itna dmaagh kahan in me.. sb matric failed hn is govt. me
So more taxes . But no jobs , high expenses
Finally the country can be brought down by the govt itself