Tax Rates for Capital Gains Tax Year 2025
The government has proposed significant changes to capital gains tax (CGT) in the Finance Act 2024, impacting both immovable property and securities. Here’s a breakdown of the key proposals: Immovable […]
New Vehicle Token Tax Punjab: Based on Invoice Value
The Punjab government has implemented a significant change to its vehicle taxation system, impacting annual token taxes for cars registered in Punjab. Here’s a breakdown of the key points: Goodbye […]
Sales Tax Relief Extended for Ex-FATA Regions
The Finance Act (FA) 2024 brings welcome news for businesses and residents in the former Federally Administered Tribal Areas (FATA) regions of Pakistan. The Act extends existing sales tax exemptions, […]
Revised Tax Rates for Professional Firms for 2025
The Finance Act 2024 introduces adjustments to the tax structure for professional firms in Pakistan. Here’s a breakdown of the changes: Previously Existing Tax Rate: Prior to the Finance Act, […]
Finance Act Requires Disclosures of Foreign Assets in Wealth Statement
Pakistan’s tax landscape has seen a significant update with the Finance Act 2024. This article delves into wealth statement disclosures, highlighting the newly incorporated requirement to disclose foreign assets and […]
New Tax Rates for Exporters 2025
The Federal Board of Revenue (FBR) has implemented a revised tax system for exporters of goods, replacing the previous final tax regime. This article unpacks the key changes and their […]
Who is Exempt from Advance Tax on Sales of Property?
Withholding Tax Relief for Property Sales by Military, Veterans, and Government Personnel: A Breakdown The government has implemented a significant change in its tax policy, effective July 1, 2024. This […]
New Motor Vehicle Tax Rates in Sindh
The Sindh government has issued updated motor vehicle tax rates under the Sindh Finance Act, 2024. These new rates, applicable from July 1, 2024, aim to standardize the tax regime […]
Sales Tax Regime Updated: Gold Imports Get Relief, Milk Prices Stay Low
Finance Act, 2024 brings changes to the country’s sales tax structure, impacting various sectors. Here’s a breakdown of the key revisions: Good News for Gold Industry: A significant exemption applies […]
Pakistan Tightens Tax Regime: Late Filer Category Introduced
The government has introduced significant changes to its income tax system through the Finance Act 2024. These measures aim to encourage timely tax filing, increase revenue collection, and potentially shift […]