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Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

01-Jan-2025

Importers of cocoa powder have been denied the ability to claim exemptions under two separate notifications simultaneously. The issue arose when importers claimed customs duty exemption under SRO 1261...

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Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

Landmark ATIR Decision Calls for Accountability in FBR Operations

01-Jan-2025

Appellate Tribunal Inland Revenue (ATIR) has issued a significant ruling, directing the Federal Board of Revenue (FBR) chairman to treat a specific case as a test case. The tribunal has instructed the...

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Landmark ATIR Decision Calls for Accountability in FBR Operations

PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

01-Jan-2025

The Pakistan Association of Large Steel Producers (PALSP) has called on the government to revoke the unjust tax exemptions granted to industrial units in the former tribal areas, arguing these a...

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PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

31-Dec-2024

The Islamabad High Court (IHC) on Monday issued a detailed verdict regarding the deduction of Rs1.37 billion from the Pakistan Telecommunication Authority (PTA) bank account by the tax departmen...

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IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

Title: Punjab Government Extends Sales Tax on Services to Murree

31-Dec-2024

The Punjab government has expanded the sales tax on services to include district Murree. A notification has been issued to activate the Murree office, following the previous establishment of offices i...

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Title: Punjab Government Extends Sales Tax on Services to Murree

Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

31-Dec-2024

Pakistan has reversed its decision to impose a new tax on banks� income from government debt just days before a crucial deadline, following strong opposition from lenders.The proposed tax aimed to sti...

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Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

31-Dec-2024

President Asif Ali Zardari on Monday night issued the Income Tax (Amendment) Ordinance, 2024, introducing major changes to bank taxation by amending the First and Seventh Schedules of the Income Tax O...

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Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

30-Dec-2024

Pakistan�s economy saw significant progress in 2024. The country�s default risk dropped by 93%, the current account balance reached a 10-year high, and inflation fell to 4.9% in November�the lowest si...

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Pakistan�s Economy 2024: Gains for Some, Challenges for Many

Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

30-Dec-2024

The Post Clearance Audit (PCA) South has uncovered a massive tax fraud of Rs. 2.4 billion by a major cement manufacturer, reportedly exploiting four export tax exemption schemes, according to BR.The s...

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Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

30-Dec-2024

The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has set January 7, 2025, as the deadline to finalize upgradation agreements between the Oil and Gas Regulatory Author...

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Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

Latest Updates

Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

Landmark ATIR Decision Calls for Accountability in FBR Operations

PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

Title: Punjab Government Extends Sales Tax on Services to Murree

Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

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