Rubab Batool-Advocate and Tax Consultant

Rubab Batool-Advocate and Tax Consultant Email: [email protected]
Contact : 0301-9404801

Pre­si­dent Asif Ali Zardari on Monday gave assent to the seven bills passed by parliament, including some controversial...
27/01/2026

Pre­si­dent Asif Ali Zardari on Monday gave assent to the seven bills passed by parliament, including some controversial bills, turning them into laws, before leaving for the United Arab Emirates on an official tour.

Last month, the president had returned the bills unsigned when they were passed by the Senate and the National Assembly.

According to the Presidency, the approved legislation includes The National Tariff Comm­ission (Amendment) Bill, 2026; the Export Deve­lopment Fund (Amen­dment) Bill, 2026; the Transfer of Railways (Amendment) Bill, 2026; the Domestic Violence (Prevention and Prot­ection) Bill, 2026; the Daanish Schools Aut­hority Bill, 2026; the Income Tax (Amendment) Bill, 2026; and the National Commission for Human Rights (Amen­dment) Bill, 2026.

قومی اسمبلی میں پاکستان پینل کوڈ میں نیا سیکشن 498D شامل کرنے کا بل پیش کیا ہے، جس کے مطابق اگر شوہر یا خاندان کا کوئی ف...
14/08/2025

قومی اسمبلی میں پاکستان پینل کوڈ میں نیا سیکشن 498D شامل کرنے کا بل پیش کیا ہے، جس کے مطابق اگر شوہر یا خاندان کا کوئی فرد بیوی کو بغیر قانونی وجہ کے گھر سے زبردستی نکالے گا تو اسے کم از کم تین ماہ سے چھ ماہ تک قید اور دو لاکھ روپے جرمانہ یا دونوں سزائیں ایک ساتھ دی جا سکیں گی۔ اس قانون کا مقصد خواتین کو گھر سے غیر قانونی بے دخلی سے تحفظ فراہم کرنا ہے، تاکہ ہر عورت اپنے گھر میں محفوظ رہنے کے حق سے فائدہ اٹھا سکے۔

Filing Your Income Tax Return for 2025? We've Got You Covered! The FBR has opened the Tax Year 2025 filing – and whether...
24/07/2025

Filing Your Income Tax Return for 2025? We've Got You Covered!

The FBR has opened the Tax Year 2025 filing – and whether you're a salaried individual, business Owner, freelancer, or company, now is the time to file your tax return and avoid penalties.

Deadine: September 30, 2025 (Dont wait till the last minute!) DM us now for free consultation!

Filing of Annual Income Tax Returns for Tax Year 2025 Has Begun! Income Tax Return 2025 is Now Live on IRIS (https://iri...
20/07/2025

Filing of Annual Income Tax Returns for Tax Year 2025 Has Begun!

Income Tax Return 2025 is Now Live on IRIS (https://iris.fbr.go.pk/)
All Individuals and AOPs are required to file their returns within the due date to avoid a penalty for non-compliance.

Don't wait for the last moment avoid unnecessary taxation and coercive measures by the department.

Need help in filing? Just drop us a Message 03019404801

Overseas Pakistanis!! If a Pakistani citizen has lived abroad for more than four years and returns to Pakistan for perma...
13/07/2025

Overseas Pakistanis!!

If a Pakistani citizen has lived abroad for more than four years and returns to Pakistan for permanent residence, no income tax will be applicable on their foreign income for the year of return and the following year.

Similarly, if a Pakistani leaves the country during the year and stays abroad for a full year, their salary income earned during that period will also be exempt from tax.

Reference: Section 51, Income Tax Ordinance 2001.

10/07/2025

The Withholding Tax Regime Under Finance Act 2025 - A Silent Growth Killer?

The new 15% withholding tax (WHT) on gross receiptS under the Finance Act 2025 raises serious concerns-particularly for Pakistan's small and medium-sized enterprises (SMEs) in the services sector.
An SME earning PKR 40 million annually with PKR 20 million in operating costs has a taxable income of PKR 20 million. Under the standard 29% corporate tax rate, its liability is PKR 5.8 million. But under the current WHT regime, PKR6 million is deducted upfront-on gross revenue, not profit. That's more than the actual tax due.
Now imagine businesses with tighter margins- where costs are 70-80% of revenue, which is Common in the services industry. In many cases, the WHT exceeds the company's entire profit, or Worse, its entire tax liability.

While technically "adjustable," delayed refunds, non-compliant counterparties, cash flow constraints and the fear of being "audited" for claiming a refund, often make these excess deductions a de facto cost of doing business.
What does this mean?
• Formalization is discouraged
• Liquidity is choked
•Entrepreneurship is stifled
•Compliance feels punitive
•Growth becomes elusive

If we truly want to empower SMEs, drive job creation, and encourage formalization, we must reimagine our tax policyーfrom one that extracts, to one that enables.
The current regime isn't just inefficient. It's holding back the very sectors that could power Pakistan's economic future.

Question for policymakers and professionals: Can an economy grow when compliance is punished and profitability is penalized?

From July 1, non-filers face a 20.5% tax on cash withdrawals over Rs200,000 under Finance Act 2025, part of FBR’s push t...
09/07/2025

From July 1, non-filers face a 20.5% tax on cash withdrawals over Rs200,000 under Finance Act 2025, part of FBR’s push to boost revenue and bring more people into the tax system.

ایف بی آر نے ٹیکس ایئر 2025 کے لیے انکم ٹیکس ریٹرن کی ڈیڈ لائنز کا اعلان کر دیاتنخواہ دار ،کاروباری افراد اور ایسوسی اسی...
08/07/2025

ایف بی آر نے ٹیکس ایئر 2025 کے لیے انکم ٹیکس ریٹرن کی ڈیڈ لائنز کا اعلان کر دیا
تنخواہ دار ،کاروباری افراد اور ایسوسی اسیٹس کے لئے رٹرن جمع کرانے کی آخری تاریخ 30 ستمبر 2025 ہے
وہ کمپنیان جن کا مالی سال 30 جون کو ختم ہوتا ہے ڈیڈ لائن 31 دسمبر 2025 ہے

Implementation of amended income tax rates U/s 236C and 236K under finance act 2025
07/07/2025

Implementation of amended income tax rates U/s 236C and 236K under finance act 2025

07/07/2025

📢Tax Update: Section 21 - Income Tax Ordinance, 2001

📌Federal Government has introduced a new Sub Section 21(s) - (Disallowance of expenditure for sales received other than banking channel) in Finance Act, 2025 which disallow 50% of the expenditure claimed where in respect of sale the payment exceeding Rs. 200,000 is received other than through banking channel against a single invoice.
This amendment does not provide any exemption to any retailers etc. from above provision. The relevant section is reproduced here as under "Fifty percent of the expenditure claimed in respect of sale where the taxpayer received payment exceeding two hundred thousand rupees otherwise than through a banking channel or digital means against a single invoice containing one or more than one transactions of supply of goods or provisions of services".

📌Purpose of this provision:
This discourages cash transactions in large amounts and promotes the use of banking or digital channels, thereby improving transparency and documentation in business dealings.

📌Example:
You sold goods worth PKR 500,000 under a single invoice. The customer paid you in cash (or other non-banking/non-digital means).You claimed PKR 300,000 as related business expenditure against those invoices. The tax authority will disallow 50% of PKR 300,000 = PKR 150,000.
Your taxable income will increase by PKR 150,000.

Tax on cash withdrawal from ATMs from 1st july 2025
01/07/2025

Tax on cash withdrawal from ATMs from 1st july 2025


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