Islamabad 51
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
Islamabad 51
No Result
View All Result
Home National

FBR to seal unregistered online businesses under budget 2025 proposals

Editor Isb by Editor Isb
June 16, 2025
in National
0
symbolic picture Tax, Calculator
Share on FacebookShare on Twitter

ISLAMABAD: The Senate Standing Committee on Finance has approved several key amendments under the Finance Bill 2025, including tough penalties for online businesses that fail to register with the Federal Board of Revenue (FBR).

During the committee meeting chaired by Senator Saleem Mandviwalla, FBR Chairman Rashid Mahmood Langrial said that under the proposed law, all online businesses—whether local or overseas—must register with the FBR. Non-compliance will lead to strict actions, including freezing of bank accounts, restrictions on property transfers, and sealing of the business.

“Online businesses that are not registered will not be allowed to sell their products online,” Langrial said during a clause-by-clause briefing. He added that even using a registered platform will not be allowed for unregistered businesses.

More Insights: Explore Related Stories

Punjab CM visits Chakwal, announces Rs5 million aid for flood victims

Rawal Dam Spillways Opened as Water Nears Danger Mark

Karachi to see inauguration of six mega projects in coming weeks

AIOU empowers children with science skills during summer break

If a business fails to register, FBR will first freeze its bank accounts. If the business still does not comply, its immovable property transfer will be blocked and eventually, the business itself will be sealed.

The FBR clarified that food items sold online will remain exempt from tax, and no sales tax will be applied to online services across the country, including Islamabad.

However, online businesses will be charged a 2% tax based on their customer invoices. Banks and courier companies will act as collection agents. Langrial said many online businesses were collecting 18% sales tax from customers but not depositing it with the FBR—causing massive tax evasion.

To prevent tax theft via e-commerce, the bill proposes that online platforms must file monthly sales tax returns. Failure to file will result in a fine of Rs 500,000 for the first offense and Rs 1 million for the second. This proposal was approved by the committee.

Additionally, platforms that allow unregistered sellers to use their services will be fined up to Rs 1 million.

The budget also includes new rules for chilling charges on cold items like mineral water, beverages, and fruit juices. Retailers and chain stores will be allowed to charge an extra 5% on these products, which will also be taxed by the FBR.

— ALSO READ —

Rs1 billion set aside in budget for Air Punjab launch

On import duties, the bill proposes that customs valuation for imported goods should not exceed 130% of the assessed value when sold in the local market.

The FBR also proposed stricter penalties for tax fraud. Anyone involved in tax fraud could face jail time. While the finance bill suggests a punishment of up to 10 years imprisonment and a fine of up to Rs 10 million, the committee has recommended setting a minimum sentence of at least one year.

The bill also includes a measure to broaden the tax net by requiring data on sales made to unregistered persons to be submitted to the FBR.

Tags: e-commerce tax Pakistanfinance bill 2025online business registration Pakistanpenalties for unregistered businessestax evasion Pakistan
Previous Post

Peshawar: BRT fares to go up from July 1 amid financial losses

Next Post

Rawalpindi finalises Rs470m project to beautify Raja Bazaar

Editor Isb

Editor Isb

Related Posts

Maryam Picture

Punjab CM visits Chakwal, announces Rs5 million aid for flood victims

by News Desk
July 20, 2025
0

RAWALPINDI: Punjab Chief Minister Maryam Nawaz visited Chakwal district to offer condolences to families affected by recent floods and a...

spilays Rawal dam

Rawal Dam Spillways Opened as Water Nears Danger Mark

by Editor Isb
July 20, 2025
0

ISLAMABAD: The spillways of Rawal Dam were opened on Sunday morning after the water level rose close to the danger...

Construction

Karachi to see inauguration of six mega projects in coming weeks

by News Desk
July 20, 2025
0

KARACHI: Despite criticism of ignoring Karachi’s development, the Sindh government, led by the Pakistan Peoples Party (PPP), claims it is...

Next Post
Image show Raja Bazaar in Rawalpindi

Rawalpindi finalises Rs470m project to beautify Raja Bazaar

Image show Islamabad Airport

New police station established for Islamabad airport area

state bank

SBP holds policy rate at 11% to support economic recovery

Budget

Punjab raises minimum wage, increases salaries and pensions

Follow Us

Recommended

Government of sindh

Sindh government transfers, appoints deputy commissioners across key districts

7 months ago
Road View in Islamabad

Islamabad rejects lone bid for Shaheen Chowk project

1 week ago
Image of Parking Stand

Sindh government announces end of charged parking system

5 months ago
Pakistan Nikahnama

Urdu Nikahnama not officially available, reveals Law Ministry

4 weeks ago

Categories

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Home 1
  • Privacy Policy
  • Terms of Service

Follow us on Google News for Latest Updates

Recent News

  • Punjab CM visits Chakwal, announces Rs5 million aid for flood victims
  • Rawal Dam Spillways Opened as Water Nears Danger Mark
  • Karachi to see inauguration of six mega projects in coming weeks

Category

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us

© 2023 Islamabad51