ISLAMABAD: The federal government of Pakistan has finalised key proposals for the upcoming Budget 2025-26, introducing new tax measures to broaden the tax base and removing several exemptions.
According to sources, the government is considering taxing agricultural income, freelancing and digital platforms – sectors that have largely remained outside the formal tax net. The move is part of a broader strategy to formalise the economy and curb tax evasion.
New taxes on agriculture, online freelancing, and digital earnings
Abolishment of Federal Excise Duty on property transactions
Reduced taxes on beverages and cigarettes
Increased Capital Gains Tax (CGT) on shares and property
End of tax exemptions for the former FATA region, with a proposed 12% tax
Potential taxation on fertilisers, pesticides, and bakery products, as urged by the IMF
While the tax net is being expanded, some relief is being proposed for salaried individuals:
10% income tax relief for salaried workers
Pension increase of 5% to 7.5%
30% special allowance for government employees in grades 1 to 16
Proposal to merge ad-hoc relief allowances into the basic salary
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