The federal government has proposed an 18% sales tax on the import of mobile phone assembly kits and the local… Read More
Govt Ends Tax Exemption For Expensive Electric Vehicles in Budget 2025
In a new proposal, the government has suggested withdrawing tax exemptions enjoyed by electric cars valued above $50,000, according to… Read More
Govt Increases Car Prices in Budget 2025 With Higher Tax
The government has proposed an increase in withholding tax charged on the purchase of new cars, according to the official… Read More
Govt to Increase Pensions by 15%
The federal government has proposed to increase the pensions of federal government employees by 15 percent, Finance Minister Muhammad Aurangzeb… Read More
Medicines to Get More Expensive as Govt Proposes Huge Sales Tax in Budget 2024-25
The coalition government unveiled the budget for the fiscal year 2024-25 today, introducing significant changes that could impact the cost… Read More
Govt Approves Up to 25% Increase in Salaries
The federal cabinet has reportedly approved to increase the salaries of government employees with increments of up to 25 percent… Read More
Telcos, Utility Companies to Face Rs. 100 Million Fine for Ignoring New Tax Rules for Non-Filers
The federal government is considering imposing heavy financial penalties on telecom and utility companies that do no cooperate in implementing… Read More
Govt Likely to End Exemption for AOPs on Filing Income Tax Returns
The government is considering a proposal that all Association of persons (AOPs), irrespective of their income, may be required to… Read More
FBR Likely to Get Power to Notify Minimum Value of Import Goods for Income Tax Collection
The federal government is considering a proposal to empower the Federal Board of Revenue (FBR) to notify the minimum value… Read More
Govt Likely to Impose 29% Income Tax Rate on Exporters
The federal government has proposed to increase the income tax rate for exporters by 1 percent on export proceeds, sources… Read More
Tax Rate on Imported LPG May Rise to 18%
The federal government has proposed to increase the sales tax rate on imported liquefied petroleum gas (LPG) from 10 percent… Read More
Budget 2024-25 Increases Capital Gains Tax on Real Estate to a Minimum of 15%
The 2024-25 budget has introduced significant changes to the taxation regime for capital gains, particularly affecting immovable property such as… Read More
