The federal government has proposed to restrict tax credit to 80 percent for educational institutions which are non-profit organizations (NPOs)… Read More
Budget Latest: Govt Likely to Impose 5% Sales Tax on Petroleum Products
Petrol, diesel and other fuel categories are expected to get more expensive as the federal government has proposed a 5… Read More
Late Return Filers Set to Face Additional Tax on Sale, Purchase of Property
The government is considering increasing withholding tax rate progressively on the sale and purchase of immovable property according to investment.… Read More
Govt Likely to Extend Withholding Tax Regime to All Sectors in Value Chain
The federal government is considering extending withholding tax regime to all sectors in the value chain. According to sources, currently,… Read More
Govt Likely to Impose Up to 45% Tax Rate on Non-Salaried, AOPs
The federal government has introduced revised slab tax rates for non-salaried persons and Associations of Persons (AOP) with the basic… Read More
Govt Considering Additional Tax Measures of Nearly Rs. 1.5 Trillion in FY25 Budget
The federal government is considering additional tax measures of nearly Rs. 1.5 trillion in the upcoming federal budget. According to… Read More
Govt Considering 75% Tax on Mobile Calls for Non-Filers
The government is considering a proposal to impose a 75 percent tax on mobile phone calls of non-filers in a… Read More
Govt Likely to Bar Non-Filers from Travelling Abroad
To strengthen tax enforcement for non-filers the federal government is considering a number of measures including barring non-filers from travelling… Read More
Govt to Slap 18% Sales Tax on Tractors, Pesticides and Fertilizers
The government has decided to impose 18 percent sales tax on agriculture related items including tractors, pesticides and fertilizers in… Read More
Govt to Present Rs. 18.9 Trillion Federal Budget 2024-25 Today
Finance Minister Muhammad Aurangzeb will present the federal budget 2024-25 in parliament today. This will be a budget of Rs.… Read More
Govt to Increase Tax on Profit for Non-Filers
The federal government of Pakistan is likely to increase tax for non-filers on profit earned from bank accounts and deposits.… Read More
WHT for Purchase of Property for Non Filers Could Go upto 20%: Sources
In order to increase the cost of doing business for non-filers, the Federal Government of Pakistan on the instructions of… Read More
