FBR mulls tax on TikTok content creators

The Federal Board of Revenue (FBR) is preparing to impose taxes on TikTok content creators, a parliamentary committee was informed on Wednesday during a meeting of the Senate Standing Committee on Finance and Revenue at Parliament House. Senator Faisal Vawda claimed that the FBR is finalising a plan to tax income earned by TikTokers, suggesting that the largest share of recoverable taxes would come from Punjab. He urged the tax authority to begin enforcement there. The committee, chaired by Senator Saleem Mandviwalla, 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.