Are you thinking about buying or selling immovable property in Pakistan in 2026? 🏠
Before you finalize any deal, it is crucial to understand the advance tax structure imposed by the Federal Board of Revenue (FBR). Many buyers and sellers face unexpected costs simply because they are unaware of applicable tax rates.
(more…)
Many buyers are unaware that property or goods purchased through auction in Pakistan are subject to income tax. Under Section 236A of the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) mandates the collection of advance tax at the time of sale by auction for tax year 2026.
(more…)
Karachi, January 5, 2026 — The Pakistan Stock Exchange (PSX) continued its bullish momentum on Monday, with the KSE-100 index surging to a new all-time high after gaining 3,373 points. The benchmark index closed at 182,408 points, up 1.88% from last Friday’s close of 179,035 points, marking another strong start to the trading year.
(more…)
Karachi, January 5, 2026 — Several industries located in SITE Karachi have been without electricity for the past 15 days, severely disrupting industrial operations and causing significant financial losses, the SITE Association of Industry (SAI) informed K-Electric (KE) during a meeting on Monday.
(more…)
Karachi, January 5, 2026 — The Regional Tax Office (RTO)-II, Karachi, in collaboration with Inland Revenue Intelligence and Investigation (I&I), has confiscated 1,800 bags of sugar after intercepting trucks carrying counterfeit Track and Trace System (TTS) stamps during a major enforcement operation.
(more…)
If you use mobile phones, landlines, or internet services in Pakistan, you are already paying advance income tax—often without realizing it. For tax year 2026, the Federal Board of Revenue (FBR) continues to collect this tax under Section 236 of the Income Tax Ordinance, 2001.
(more…)
The Federal Board of Revenue (FBR) has updated the advance income tax framework on electricity consumption for tax year 2026, affecting industrial, commercial, and certain domestic consumers across Pakistan.
(more…)
Motor vehicle owners in Pakistan must understand motor vehicle tax and advance tax obligations for tax year 2026 to avoid penalties and compliance issues. The Income Tax Ordinance, 2001, updated for Tax Year 2026, lays down these rules under Section 234, which governs the collection of advance tax along with motor vehicle tax.
(more…)
What is Advance Tax on Brokerage and Commission?
Advance tax on brokerage and commission is a withholding tax deducted at source by the payer (principal) on payments made to the agent.
(more…)
Why You Must Know Advance Tax on Motor Vehicles
Planning to buy a car, jeep, SUV, or other motor vehicle in 2026?
• The Federal Board of Revenue (FBR) collects advance tax at the time of purchase, registration, leasing, or transfer.
(more…)