TaxSavvy

24/04/2026

18/04/2026

𝑺𝑩𝑷 𝑪𝒊𝒓𝒄𝒖𝒍𝒂𝒓 𝒅𝒂𝒕𝒆𝒅 𝑨𝒑𝒓𝒊𝒍 14, 2026, 𝒂𝒅𝒅𝒓𝒆𝒔𝒔𝒆𝒅 𝒕𝒐 𝒂𝒍𝒍 𝒃𝒂𝒏𝒌𝒔 𝒊𝒏 𝑷𝒂𝒌𝒊𝒔𝒕𝒂𝒏.

Pakistan has now officially legalized crypto/virtual assets through a new law called the Virtual Assets Act, 2026. A new authority called PVARA (Pakistan Virtual Asset Regulatory Authority) has been created to oversee this.

1. Banks can now open accounts for crypto companies
Banks are now allowed to open bank accounts for crypto businesses — but only those that have a valid license from PVARA.
2. Separate accounts required
Banks must keep crypto company money in separate special accounts (called CMAs). Crypto company money and customer money cannot be mixed.
3. These special accounts are PKR only
No cash deposits or withdrawals allowed in these accounts. They are just for transferring authorized transactions.
4. Banks must do proper checks (Due Diligence)
Banks must fully investigate crypto companies — their business model, customers, and risk level — before doing business with them.
5. Banks cannot invest in crypto themselves
Banks are prohibited from trading or investing in virtual assets using their own funds or customer deposits.
6. Pre-license accounts allowed
Banks can open limited accounts for crypto companies that have a NOC from PVARA (but not full license yet), only to help them complete their licensing process.

18/04/2026

🔔 کیا آپ کا NTN نہیں بنا؟
(Don’t have your NTN yet?)
✅ NTN (National Tax Number) بنوانا اب پہلے سے کہیں آسان ہے!
🧾 Whether you’re a salaried person, businessman, or freelancer — having an NTN is your legal right and responsibility.
💼 At Tax Savvy, we register your NTN quickly, correctly, and without any hassle.
📍 9-A, Salma Garden, Hussainabad, Hyderabad
📞 +92-333-7011234
👇 Comment “NTN” below or send us a message — we’ll guide you for FREE!

17/04/2026

⚖️ BREAKING: Pakistan's New Civil Servants (Conduct) Rules, 2026 — What You Need to Know!

The Government of Pakistan has officially repealed the 62-year-old Government Servants (Conduct) Rules, 1964 and replaced them with the Civil Servants (Conduct) Rules, 2026, published in the Gazette of Pakistan on April 14, 2026.

As a lawyer, here are the KEY highlights that matter:

📌 WHO IS COVERED?
Every civil servant — on duty, on leave, inside or outside Pakistan — is bound by these rules.

🎁 GIFTS ARE BANNED
No civil servant or their family member can accept gifts from any person, company, or foreign government. Gifts received on official delegations go to the Toshakhana.

💼 SIDE JOBS REQUIRE APPROVAL
Teaching, consultancy, or private work needs prior written permission from the Cadre Administrator. And 1/25th of that extra income must be deposited in the government treasury!

📊 MANDATORY ASSET DECLARATIONS
All civil servants must declare assets at joining and annually thereafter. BPS-17 and above must file digitally. The FBR will conduct risk-based verification. Unexplained wealth = disciplinary action.

⚠️ CONFLICT OF INTEREST
Civil servants must recuse themselves from any decision where personal or family interests are involved — including procurement and selection committees.

📱 STRICT SOCIAL MEDIA RULES
Running a YouTube channel, podcast, blog, or public page without Cadre Administrator's approval is prohibited. Even anonymous accounts criticizing the government can lead to disciplinary proceedings.

🏛️ NO POLITICAL ACTIVITY
Zero tolerance for political participation, public protests against government policy, or using official influence for electoral purposes.

❌ VIOLATION = MISCONDUCT
Any breach of these rules is treated as official misconduct under the Civil Servants (Efficiency and Discipline) Rules, 2020.

This is a landmark regulatory overhaul that significantly modernizes public service ethics in Pakistan — particularly around digital conduct, asset transparency, and conflict of interest.

22/10/2025

🎁 𝑺𝒆𝒄𝒕𝒊𝒐𝒏 39(3): 𝑻𝒂𝒙 𝒐𝒏 𝑮𝒊𝒇𝒕𝒔 - 𝑲𝒏𝒐𝒘 𝒕𝒉𝒆 𝑹𝒖𝒍𝒆𝒔! 💰

Receiving gifts from family? Understanding tax implications is essential! Here’s your complete guide under Section 85(5) of the Income Tax Ordinance, 2001.

✅ 𝑮𝑰𝑭𝑻𝑺 𝑬𝑿𝑬𝑴𝑷𝑻 𝑭𝑹𝑶𝑴 𝑻𝑨𝑿
Gifts received from the following relatives are TAX-FREE if conditions are met:

👨‍👩‍👧‍👦 𝑷𝒂𝒓𝒆𝒏𝒕𝒔
👴👵 𝑮𝒓𝒂𝒏𝒅𝒑𝒂𝒓𝒆𝒏𝒕𝒔
💑 𝑺𝒑𝒐𝒖𝒔𝒆
👫 𝑺𝒊𝒃𝒍𝒊𝒏𝒈𝒔
👶 𝑪𝒉𝒊𝒍𝒅𝒓𝒆𝒏

📋 𝑪𝑶𝑵𝑫𝑰𝑻𝑰𝑶𝑵𝑺 𝑭𝑶𝑹 𝑻𝑨𝑿 𝑬𝑿𝑬𝑴𝑷𝑻𝑰𝑶𝑵:
To qualify for tax exemption, gifts must meet ALL three conditions:

1️⃣ Crossed Cheque - Payment through crossed cheque
2️⃣ Banking Channel - Transaction through banking channel
3️⃣ Sender must have NTN - Gift giver must possess valid NTN

🟣 𝑮𝑰𝑭𝑻𝑺 𝑭𝑹𝑶𝑴 𝑵𝑶𝑵-𝑹𝑬𝑳𝑨𝑻𝑰𝑽𝑬𝑺

⚠️ TAXABLE!
Gifts received from anyone other than the specified relatives are subject to tax, regardless of the conditions met.

💡 Key Points to Remember:

• Document all gift transactions properly
• Ensure compliance with all three conditions
• Maintain proper banking records
• Keep NTN details of the gift giver
• Consult tax experts for large gift amounts

Stay compliant and enjoy tax-free gifts from your loved ones!

𝑻𝒂𝒙𝑺𝒂𝒗𝒗𝒚
𝒀𝒐𝒖𝒓 𝑻𝒂𝒙 𝑪𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝑷𝒂𝒓𝒕𝒏𝒆𝒓
📞 𝑨𝒅𝒗. 𝑾𝒂𝒋𝒂𝒉𝒂𝒕 𝑨𝒍𝒊 𝑲𝒂𝒅𝒓𝒊
📱 0333-7011234

15/10/2025

The International Monetary Fund (IMF) said on Wednesday that it had reached a staff-level agreement (SLA) with Pakistan on its loan programmes, which would allow the country to access $1.2 billion after approval from the fund’s board.

If approved, the IMF will provide Pakistan $1bn under its Extended Fund Facility (EFF) and $200 million under its Resilience and Sustainability Facility (RSF), bringing total disbursements under the two arrangements to about $3.3bn.

Last week, an IMF mission led by Iva Petrova had concluded talks with Pakistani authorities on the second review of the EFF — agreed in 2024 to shore up the economy after a severe financial crisis — and the first one for the RSF climate loan.

14/10/2025

⚠️ 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏𝟏𝟒𝐁 𝐀𝐥𝐞𝐫𝐭: 𝐃𝐨𝐧’𝐭 𝐋𝐞𝐭 𝐍𝐨𝐧-𝐅𝐢𝐥𝐢𝐧𝐠 𝐂𝐨𝐬𝐭 𝐘𝐨𝐮!

Filing your income tax return isn’t just a legal obligation—it’s essential to avoid serious consequences! Here’s what happens if you DON’T

file under Section 114B:
𝟎𝟏. 📋 𝐅𝐚𝐢𝐥𝐮𝐫𝐞 𝐭𝐨 𝐅𝐢𝐥𝐞 𝐓𝐚𝐱 𝐑𝐞𝐭𝐮𝐫𝐧𝐬
→ Heavy penalties and legal consequences
𝟎𝟐. 📵 𝐁𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐨𝐟 𝐌𝐨𝐛𝐢𝐥𝐞 𝐒𝐈𝐌𝐬
→ Your mobile services can be restricted due to non-compliance
𝟎𝟑. ⚡ 𝐃𝐢𝐬𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 & 𝐆𝐚𝐬
→ Utility services may be cut off as a penalty
𝟎𝟒. ✈️ 𝐓𝐫𝐚𝐯𝐞𝐥 𝐑𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐓𝐫𝐢𝐩𝐬
→ International travel becomes limited for non-compliant individuals
𝟎𝟓. ✅ 𝐅𝐢𝐥𝐢𝐧𝐠 𝐓𝐚𝐱 𝐑𝐞𝐭𝐮𝐫𝐧 = 𝐏𝐞𝐚𝐜𝐞 𝐨𝐟 𝐌𝐢𝐧𝐝

→ Stay compliant and avoid ALL these penalties!
💡 Don’t wait until it’s too late! File your tax returns on time and stay stress-free.

Need help with tax filing and compliance? We’re here to make it easy for you!

𝐓𝐚𝐱𝐒𝐚𝐯𝐯𝐲
𝐘𝐨𝐮𝐫 𝐓𝐫𝐮𝐬𝐭𝐞𝐝 𝐓𝐚𝐱 𝐏𝐚𝐫𝐭𝐧𝐞𝐫
📞 𝐀𝐝𝐯. 𝐖𝐚𝐣𝐚𝐡𝐚𝐭 𝐀𝐥𝐢 𝐊𝐚𝐝𝐫𝐢
📱 𝟎𝟑𝟑𝟑-𝟕𝟎𝟏𝟏𝟐𝟑𝟒

14/10/2025

📊 𝐊𝐧𝐨𝐰 𝐘𝐨𝐮𝐫 𝐓𝐚𝐱 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐭 𝐒𝐨𝐮𝐫𝐜𝐞! 💼

Understanding TDS (Tax Deducted at Source) is crucial for smart tax planning. Here’s your complete guide to withholding sections:

✅ Section 149 - Salary payments
✅ Section 150 - Dividend income
✅ Section 151 - Profit on debt
✅ Section 152 - Payments to non-residents
✅ Section 153 - Goods, services & contracts
✅ Section 154 - Export earnings
✅ Section 154A - IT services export
✅ Section 155 - Immovable property rent
✅ Section 156 - Prizes and winnings
✅ Section 156A - Petroleum products

💡 Know your obligations, stay compliant, and optimize your tax planning!
Need expert guidance on TDS compliance and tax matters? We’re here to help!

TaxSavvy
Your Partner in Tax Excellence
📞 Contact: Adv. Wajahat Ali Kadri
📱 Call/WhatsApp: 0333-7011234