ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb announced the government's decision to impose taxes on those conducting business through e-commerce platforms.
In his budget speech, Muhammad Aurangzeb stated that goods sold via online platforms would now be subject to taxation, including items and services ordered digitally.
The minister further clarified that individuals and entities operating through e-commerce will be required to submit monthly transaction data and tax reports to the relevant authorities.
The Finance Minister said that the tax rate on interest revenue is proposed to increase by 5 % to 15 to 20 percent. This decision will be applied to the income earned unauthorized way, not on national savings schemes.
In addition, a 25 % tax on debt -based income is proposed, while the tax rate on the profit on shares has not been changed.
It should be noted that the federal government has proposed an 18 % sales tax on the purchase of the Budget 26-2025.
