In a major development during ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), the Fund has agreed to provide ...

The proposal under consideration aims to eliminate the 12% GST slab, thereby streamlining the current four-rate system — 5%, ...

Pakistan must demonstrate that it can meet its defence needs without compromising its economic future — and that it is ready ...

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

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The Foreign Investors' Chamber of Commerce and Industry (FICCI) yesterday termed reform measures in the proposed national budget "positive" but warned that implementation of certain tax measures may ...

Ohio Senate proposes 2.75% flat income tax in new budget, cutting rates for high earners and aiming to boost economic growth.

Under the revised tax slabs, salaried individuals earning between Tk 70,000 and Tk 100,000 per month may face a 50 percent to ...

The new income tax rates will kick in for earnings from the fiscal year starting in July, National Board of Revenue (NBR) ...

In a significant breakthrough, the International Monetary Fund (IMF) has agreed to two key demands from Pakistan: increasing the defence budget and providing tax relief to the salaried class, ...

The federal government plans to impose extra taxes on cash transactions in Budget 2025-26, including a Rs3 surcharge on fuel bought with cash, to combat tax evasion and promote digital payments.

For FY27 and FY28, there will be no tax for income up to Tk3.75 lakh. The next Tk3 lakh will be taxed at 10% and the next Tk4 lakh at 15%. The highest slab for both years will be 30%. Meanwhile, the ...