- Pakistan’s Federal Board of Revenue (FBR) is considering imposing a General Sales Tax (GST) on cross-border online sales in the upcoming 2025-26 budget.
- This aims to increase tax revenue from Pakistan’s growing digital economy and address tax evasion by international e-commerce platforms.
- The Institute of Cost and Management Accountants of Pakistan (ICMAP) and the Institute of Chartered Accountants of Pakistan (ICAP) support this move, emphasizing the need for a fair and transparent system.
- ICAP also highlights the need for inter-provincial coordination to avoid jurisdictional issues in taxing digital services.
- The FBR is reviewing proposals and will finalize its decision during the budget planning process.
Source: pkrevenue.com
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