The Minister of Finance and Income, Senator Muhammad Aurangzeb chairs the meeting of the Economic Coordination Committee (ECC) of the Cabinet to the Finance Division on February 20, 2025. – PID No tax on ICC income, subsidiaries or non -resident delegates. The exemptions do not cover the sales tax or the federal excise duties, explains … Read more
Listen to the article The Economic Coordination Committee (ECC), led by the Minister of Finance, Muhammad Aurangzeb, has approved several critical economic decisions, including tax exemptions for the International Cricket Council (ICC) concerning the Champions Trophy ICC 2025. One of the main decisions made at the meeting was the approval of a tax exemption for … Read more
The Federal Board of Revenue (FBR) has initiated consultations with key stakeholders to finalize proposals for the Federal Budget 2025-2026, focusing on phasing out tax exemptions, increasing revenue generation and rationalization of tax laws. In an official communication to business associations such as Federation of Pakistan Chambers of Commerce and Industry (FPCCI), American Business Council, … Read more