- The Finance Bill 2025 introduces amendments to the Sales Tax Act to enhance enforcement and expand the tax base.
- A Cargo Tracking System and e-Bilty are introduced to monitor goods transport and reduce smuggling.
- E-commerce and online marketplace definitions are broadened to include all digital platforms, with increased sales tax withholding rates.
- Legal amendments target tax fraud, defining abettors and expanding the scope of tax fraud to include digital manipulation.
- The tax base is expanded by revising the definition of retail price to include imported items.
- FBR is empowered to limit input tax adjustments to prevent fraudulent claims, with a review application process for affected persons.
- Economic documentation enforcement mechanisms are introduced, including freezing bank accounts.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
