• Up to 80pc tax relief for salaried individuals earning Rs600,000-1.2m annually • Minimal relief for top salary brackets earning above Rs4.1m • 1pc surcharge reduction for income above Rs10m to curb brain drain • Super tax cut by 0.5pc for companies earning Rs200m-500m • Pensions above Rs10m to be taxed at 5pc • Cash withdrawal tax for non-filers increased to 1pc from 0.6pc ISLAMABAD: The government has announced sweeping tax reforms in the federal budget 2025-26, offering tax cuts of up to 80 per cent for low-income salaried individuals while limiting relief for higher earners to just 3pc. A new 5 per cent tax has also been proposed on high-value pensions exceeding Rs10 million annually. The focus of the budget seems to balance sectoral relief, expand tax scope, achieve equitable burden-sharing, and introducing strong enforcement measures. The government expects the digital taxation framework, carbon levies and tax enforcement on e-commerce and digital transactions to help Pakistan adapt to global financi...
Premier Restaurants Romania, the operator of the McDonald's restaurant chain in Romania, posted over RON2 billion (EUR405 million) revenue in 2024, up 16% from the previous year’s RON1.737 billion (EUR351.2 million), according to ZF calculations based on Finance Ministry data.
Bitcoin Core dev Gloria Zhao says the data limit for OP_RETURN will be raised in October, infuriating several Bitcoin users who prefer images, text and audio to stay off the blockchain. An upcoming Bitcoin software update will increase the data limit on a divisive function that will allow significantly more images, text and documents to be stored on the Bitcoin blockchain, a developer says. The Bitcoin Core 30 update slated for Oct. 30 will remove the 80-byte limit on the controversial OP_RETURN function and allow each output to carry up to 4 megabytes of data, Bitcoin Core developer Gloria Zhao posted to GitHub on Monday. It comes three days after 31 Bitcoin Core devs signed a statement supporting the change, known as merged pull request (MPR) #32406. The Bitcoin devs indicated on May 5 that the data limit would be removed. OP_RETURN enabled the Ordinals craze last year, allowing Bitcoin users to post everything on the blockchain from non-fungible token-like collections to the Afghan war logs published by Wi...