The federal government has imposed a 10 percent surcharge on the tax liability of high-earners under the Finance Bill 2024.… Read More
Govt Imposes Fixed Tax of Up to Rs. 1.5 Million on Residential Plots
The federal government has imposed a capital value tax (CVT) on farmhouses and big houses in Islamabad. According to the… Read More
Budget 2024-25 Round-Up: All You Need to Know About New Taxes
The 2024-25 federal budget has been officially passed by the National Assembly during its session in Islamabad today. Finance Minister… Read More
IMF-Aligned Budget Sails Through National Assembly
The National Assembly on Friday approved the tax-heavy FY25 budget, ahead of talks on a new International Monetary Fund (IMF)… Read More
Govt Increases Excise Duty On Airline Tickets Up to Rs. 350,000 in Finance Bill
The federal government has hiked the excise duty on business and club class air tickets up to Rs. 350,000 in… Read More
Govt to Set Up Tax Fraud Investigation Wing At FBR
The federal government has decided to establish a new department called (Tax Fraud Investigation Wing Inland Revenue) to detect and… Read More
NA Set to Pass Budget Ahead of Talks with IMF Over New Loan Deal
The National Assembly is set to pass the Finance Bill 2024 for the upcoming fiscal year today paving the way… Read More
Govt Decides Against Rs. 20 Per Liter Increase in Petroleum Development Levy for 2024-25
The federal government has decided not to increase the petroleum development levy (PDL) by Rs. 20 per liter on MS… Read More
P@SHA Urges Higher Tax Rate on Remote Workers in Budget
Atif Iqbal Sheikh, President FPCCI, has voiced strong concerns about the recently announced Federal Budget 2024 – 25 vis-à -vis the… Read More
Govt Might Retain 15% Income Tax on Banks’ Profits After PM’s Orders
Prime Minister Shehbaz Sharif has likely dented any chances of withdrawal of 15 percent income tax on banks after ordering… Read More
Govt Attempts to Give Small Relief to Non-Filers at The 11th Hour
The federal government, just before the passage of next year’s Finance Bill, proposed some important amendments related to non-filers, wealth… Read More
Get Ready to Pay 18% Sales Tax on Joshanda From Next Week
The federal government has decided to withdraw tax exemptions on herbal and homeopathic medicines and impose an 18 percent sales… Read More