KARACHI: The Sindh High Court (SHC) has admitted a petition challenging the imposition of heavy taxes on sanitary napkins, arguing that such hygiene products should be recognized as essential items and exempted from excessive taxation. The petition, filed by Alisha Shabbir, contends that sanitary napkins are vital for women’s health and should be categorized as […]
taxation
How Pakistan trapped itself in an economic deadlock
In every successful economy, one constant stands out: policy stability. Countries that progress economically — from Singapore to Germany — do so because their business environment is predictable, transparent, and efficient. Investors know that their capital is safe from political upheaval and arbitrary rule changes. In contrast, Pakistan’s economy has become a hostage to instability […]
Punjab excise department stays open daily until june 30 to boost revenue collection
LAHORE — The Punjab Excise, Taxation, and Narcotics Control Department has announced extended working hours and special arrangements to meet its revenue recovery targets before the fiscal year ends. All field offices will remain open daily, including Sunday, June 29, and operations will continue until midnight on June 30, 2025. Director General M Umar Sher […]
EU puts digital tax plan ‘on hold’ during OECD talks
The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation. After an “extraordinary” breakthrough at G20 talks on Saturday, “we have decided to put on hold our work on a proposal for a digital levy”, […]
Winners and losers from minimum tax on multinationals
G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to stop nations from using ultra-low tax rates to attract businesses. The world’s top economies would be the biggest gainers of the OECD-brokered preliminary deal, while tax havens would be the biggest losers. – Big countries to […]
Ireland’s low-tax economy can survive OECD reform: experts
Far-reaching global tax reforms are reaching fruition and on the face of it, Ireland has most to lose after the small European economy threw open its doors to US multinationals. On Thursday, 130 countries endorsed an outline agreement by the Organisation for Economic Co-operation and Development (OECD), which groups 38 wealthy nations, to level up […]
G7 commits to ‘at least 15% global minimum corporate tax’
Finance ministers from wealthy G7 nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan. “We… commit to a global minimum tax of at least 15 percent on a country by country basis,” a statement said after their London meeting, adding that they […]
US suspends tariffs on UK, India, EU nations in digital tax dispute: USTR
The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes. “The United States is focused on finding a multilateral solution to a range of key issues related to international taxation, including our concerns […]