ISLAMABAD (Kashmir English): The Federal Board of Revenue (FBR) seems set to impose tax on TikTok content creators.
The revelation came during a meeting of the Senate Standing Committee on Finance and Revenue chaired by Senator Saleem Mandviwalla.
Plan to tax income earned by TikTokers
Senator Faisal Vawda told the parliamentary panel that the FBR is finalising a plan to tax income earned by TikTokers, adding that the largest share of recoverable taxes would come from Punjab. He urged the tax authority to begin enforcement there.
The panel also reviewed the Pakistan Remittances Initiative (PRI) and the government’s remittance subsidy policy.
Deputy Governor of the State Bank of Pakistan informed members that the subsidy, originally introduced in 2020 at 20 Saudi riyals per transaction, was raised to 30 in 2024 but has since been reduced back to 20 riyals.
Senator Vawda criticised the move and described the policy as a “scandal”, alleging that commercial banks were benefiting disproportionately from the scheme.
He called for a formal inquiry and urged the FBR to recover the allegedly misappropriated funds.
