News
FBR annual tax target reduced for second time
10+ hour, 57+ min ago (276+ words) Pakistan-IMF talks show progress The Federal Board of Revenue (FBR) annual tax target has been reduced for the second time as important progress has been made in talks between Pakistan and the International Monetary Fund (IMF). Sources divulged on Saturday…...
FBR updates sales tax rules on petroleum levy
3+ week, 3+ day ago (283+ words) FBR role expanded in levy collection Federal Board of Revenue (FBR) has issued a new notification amending the Sales Tax Rules 2006, making it mandatory to include petroleum levy details in monthly sales tax returns. The move also introduces a revised…...
UK unveils 2025 Budget with "26bn in new taxes to boost fiscal headroom
6+ mon, 5+ day ago (204+ words) In a major fiscal move, United Kingdom Finance Minister Rachel Reeves has presented the 2025 Budget - announcing more than "26 billion in additional taxes as the government seeks to shore up public finances and expand its "fiscal headroom. Strikingly, the fiscal watchdogs…...