The Federal Board of Revenue (FBR) has unveiled a series of new taxation measures aimed at generating Rs. 36 billion in revenue to compensate for recent fiscal adjustments. These changes, approved by the National Assembly Standing Committee on Finance, will be incorporated into the Finance Bill (2025-26) and are expected to impact various sectors of […]
The government’s announcement of tax relief for salaried individuals in Budget 2025-26 has been met with strong opposition from the Salaried Class Alliance of Pakistan (SCAP), who have dismissed the measures as negligible and misleading. For business owners, this controversy goes beyond employee dissatisfaction—it has real implications for payroll management, talent retention, and financial planning. […]
Individuals or entities not listed on the Active Taxpayers List are required to pay double the standard withholding tax rates, as outlined in the First Schedule of the Income Tax Ordinance, 2001. However, certain exceptions to this rule are provided in the Tenth Schedule of the Ordinance. 1 – Collection of Tax at Imports Section […]
Imagine this: One of your fastest-growing IT clients calls in panic. Their best developer just quit to work tax-free for a foreign startup. Another is freezing expansion plans because investors pulled out over policy uncertainty. This isn’t hypothetical – it’s the direct fallout of Pakistan’s 2025 budget, and it’s about to hit your business hard. The […]
Pakistan’s latest budget has left foreign investors and businesses scratching their heads. Despite high hopes for transformative tax reforms, the Overseas Investors Chamber of Commerce and Industry (OICCI) has voiced sharp disappointment over the government’s timid approach to fixing corporate taxation – a move that could stall economic growth. Here’s what every business owner needs to […]
Pakistan’s historic Rs. 17.6 trillion federal budget for 2025-26 isn’t just a headline – it’s a financial blueprint that will reshape business operations nationwide. As Finance Minister Muhammad Aurangzeb presented these figures to Parliament today, smart business owners are examining the tax architecture hidden beneath the massive numbers. Here’s what your ledgers need to know. The […]
How to Get Sim Withholding Tax Deduction Certificate Introduction Almost all telecommunication companies provide tax deduction certificates in Pakistan, requesting their customers to have one. But unfortunately, a majority don’t pay attention to it. You might have heard about withholding tax deduction certificates for SIMs if you are a Pakistani citizen. Many people are aware […]
Debits and Credits There is one thing in accounting that trips people off is understanding “Debits and Credits“. Businesses struggle to understand the concepts of debits and credits to manage the transactions of a company. They search for professional companies to outsource their financial management services. The major reason is the lack of understanding of […]
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