As the government has proposed as high as 100% taxes on some telecom services (and actually more in some cases),… Read More
Highlights, New Taxes and Relief Measures from Pakistan’s Budget 2021-22
The government is presenting the next fiscal year’s budget with a total outlay of over Rs. 8 trillion. Unveiling the… Read More
Govt to Impose Sales Tax on Import and Local Supply of Petroleum Crude Oil and Sugar Beet
The government has decided to impose a 17 percent sales tax on the import and local supply of petroleum crude… Read More
Govt Suffered Massive Revenue Loss Due to Tax-Related Exemptions
The government has suffered a massive revenue loss of Rs. 1,314.3 billion during 2020-21 on account of the grant of… Read More
Economic Survey 2020-21 Shows Tax-to-GDP Ratio Fell in 2019-20
Economic Survey (2020-21) on Thursday revealed that the tax-to-GDP ratio (federal taxes) fell to 9.6 percent in 2019-20 against 10.1… Read More
Finance Minister Confirms Huge Tax Relief for Telecom Users
A relief package for the Telecom sector was confirmed today during the press conference and Minister Tarin gave the reassurance… Read More
FBR Will Break Tax Collection Records This Year and in 2021-22: Tarin
Finance Minister, Shaukat Tarin, has said that the Federal Board of Revenue (FBR) will exceed the revenue collection target of… Read More
JP Morgan’s Report Confirms PTI Govt’s Claims on Economic Progress
JP Morgan – a global leader in financial services – has issued a report about the investment climate in Pakistan.… Read More
Govt is Finalizing Tax Incentives in the Coming Budget to Improve Economy
The government is finalizing tax incentives to attract foreign investment, facilitate the corporate sector, development of the capital market, documentation… Read More
FBR Gives Final Deadline to Field Formations to Pay All Pending Sales Tax Refunds
The Federal Board of Revenue (FBR) has given a final deadline of July 31, 2021, to the field formations to… Read More
Sales Tax Rate Decreased on Takeaway Restaurant Items
The Federal Board of Revenue (FBR) has reduced sales tax from 7.5 percent to 5 percent, without the facility of… Read More
FBR Reduces Sales Tax on Petroleum Products
The Federal Board of Revenue (FBR) has reduced the sales tax rate on two petroleum products, effective from May 18,… Read More
