Federal Constitutional Court To Hear Super Tax Cases Including DG Khan Cement Petition
Federal Constitutional Court of Pakistan schedules hearing of high-profile super tax cases under Sections 4B and 4C of Income Tax Ordinance, impacting major corporations including DG Khan Cement.
Fiscal Rebalance: FBR Moves to Align Bank Taxation with Digital Economy Needs
The Federal Board of Revenue (FBR) in Pakistan is pushing to remove the special tax privileges extended to banks under the Seventh Schedule of the Income Tax Ordinance 2001. This proposed shift aims to bring banks under the normal corporate tax regime, potentially impacting their digital finance strategies and operational models as the nation seeks to broaden its tax base.