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, […]
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 […]
New Fines Imposed for Non-Compliance u/s 182 for Tax Year 2025
The Finance Act 2024 introduces various penalties for individuals and businesses who fail to comply with tax regulations. This article dives into some key areas where non-compliance can lead to […]