FBR Tax
Government Halts Tax Relief for Property Purchases
It is reported by Express Tribune that the government has halted property tax relief, which was going to be announced to force growth in 2020.
ContinueNA Committee on Finance Postpones Tax Amendment Bill 2024
The Tax Amendment Bill has been postponed by the NA Committee on Finance
ContinueGovt expected to give relief on Property Transfers
It is expected the government might withdraw excise duty on property transfers.
ContinueFBR demands additional staff and more logistics to increase taxes.
FBR has been facing a tax shortfall due to its overestimated targets and low growth of the Pakistan economy.
ContinueFBR ends a 25% tax cut for teachers and researchers.
FBR sends notices for July 2022 recoveries.
ContinueFBR Struggles to Meet IMF Tax Targets for the current fiscal year.
A tax shortfall by FBR is reported at around 468 billion rupees during the past 7 months of this fiscal year.
ContinueFBR to Enforce Digital Payments and POS Systems in Retail Sector
FBR Cracks Down on Retailers: Strict Sales Tax Changes and Digital Payment Mandates.
ContinueSBP Cuts Interest Rate by 1% to 12% to Boost Economic Growth.
Due to lower inflation and lower growth rate SBP cut 100bps.
ContinueSenators Demand Halt on FBR’s Car Purchase Amid Allegations of Misuse of Taxpayer Funds
Today, in the Senate Standing Committee for Finance, senators grilled an FBR official about ordering 1010 Honda Cities cars within 5 months.
ContinueNA Standing Committee postpones Tax Amendment Bill 2024 Voting
The bill has been now sent to sub committee, which will report back in ten days with recommendations.
ContinueThe salaried category in Pakistan contributed 368 billion tax in FY24.
Salaried class paid 40% more compare to FY23.
ContinueFBR will purchase over 1000 Honda City cars within 5 months.
FBR will purchase over 1000 cars from January to May 2025.
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