Senate Panel Rejects Tax on Online Businesses

Senate panel rejects tax on online businesses

The Senate Standing Committee on Finance reviewed the Finance Bill 2025 on Wednesday and recommended a zero-rated tax on the income of up to Rs1.2 million and rejected a proposal to impose tax on individuals doing small online businesses. During a meeting, chaired by its chairman Saleem Mandviwala, the committee approved the proposal to impose tax on the income of online academies and teachers but opposed the levy of tax on the income of the Isl…

Budget 2025-26: Senate panel seeks to ease tax rules for buying property

• Proposes raising purchase limit for filers from 130pc to 400pc of declared wealth • Tax approved on previously exempt luxury private clubs • Proposed e-commerce tax rejected; tax on online academies approved ISLAMABAD: A parliamentary committee has recommended raising the threshold limit for purchases made by “eligible individuals” — a new term for people who file their tax returns — and approved a measure to tax luxury clubs nationwide. The d…

'Playgrounds for rich': Senate finance committee endorses tax on elite clubs

FBR chief says elite centres like Islamabad Club serve only the privileged.Outlines key income tax proposals for the upcoming fiscal year.Profits, assets of high-end clubs with billions in reserves to be taxed.A Senate panel on...

Finance Bill 2025-26: Online Teachers, E-commerce, And Clubs In Trouble

The Federal Board of Revenue (FBR) has put forward several proposals in the Finance Bill 2025-26 aimed at expanding Pakistan’s tax base. These proposals, discussed during a recent session of the Senate Standing Committee on Finance and Revenue. It includes taxing online academies and teachers, e-commerce businesses operating through online marketplaces, and recreational clubs like the Islamabad Club. Taxation of Online Education and E-commerce T…

Senate body approves taxes on big clubs across Pakistan

Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwala, has approved a proposal to impose taxes on the profits of the country’s major private clubs, citing their exclusivity and significant financial assets. While briefing the committee, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial noted that elite clubs such as the Islamabad Club cater to just a few thousand members yet hold billions of rupees in assets. “…