Supreme Court of Pakistan Classifies Software Payments as Business Income
In a groundbreaking verdict, the Supreme Court of Pakistan has redefined the taxation treatment of software payments. Payments made for…
TAX NEWS
InvestPak: Transforming Government Securities Investment in Pakistan
The State Bank of Pakistan (SBP) is set to transform the financial landscape of Pakistan with its groundbreaking platform, InvestPak.…
Government Revises ADR Tax Formula to Strengthen Revenue Collection
The government of Pakistan is poised to revise its formula for taxing banks based on their advance-to-deposit ratio (ADR). This…
FBR Retracts Notification on Mobile Phone Restrictions for Travellers
The Federal Board of Revenue (FBR) has recently reversed its earlier notification proposing stringent amendments to the Customs Baggage Rules,…
Banks Disburse Rs2.2 Trillion to Meet ADR Target in FY25
During the first five months of FY25, banks disbursed a significant Rs2.2 trillion to the non-government sector, including the private…
Buying Cars in Pakistan Has Become More Expensive Than Ever, Especially for Non-Taxpayers
The automobile market in Pakistan has witnessed a dramatic surge in prices, making it increasingly challenging for consumers to purchase…
Government Targets Bank Profits from Government Securities
The government of Pakistan has recently decided to introduce alternative fiscal measures to address the taxation of bank profits derived…