Author: Shahnawaz Akhter

Are you an exporter in Pakistan? Understanding the tax rules for export proceeds is crucial to remain compliant and optimize your tax planning. For the tax year 2026, the Federal Board of Revenue (FBR) has updated the Income Tax Ordinance, 2001 under Section 154, detailing tax deduction on export proceeds.

Are you engaged in the business of goods, services, or contracts in Pakistan? If yes, understanding your income tax deduction at source obligations for tax year 2026 is critical to avoid penalties and ensure compliance.

Are you making payments to non-residents for business contracts, services, or investments? Understanding Section 152 of the Income Tax Ordinance, 2001 is crucial to comply with Federal Board of Revenue (FBR) regulations for tax year 2026.

Are you an investor in debt securities earning capital gains? The Federal Board of Revenue (FBR) mandates tax deduction at source (TDS) under Section 151A of the Income Tax Ordinance, 2001. Understanding these rules ensures compliance and helps you avoid penalties for tax year 2026.

Are you earning profit from bank deposits, National Savings Certificates, or government bonds? Then it’s important to understand how tax is deducted at source (TDS) on these earnings. The Federal Board of Revenue (FBR) explains the rules under Section 151 of the Income Tax Ordinance, 2001 for tax year 2026.

Islamabad, December 24, 2025 — The Federal Board of Revenue (FBR) has introduced amendments to the reward framework for Inland Revenue officials, aiming to update and rationalize incentives for meritorious and high-performing employees.

Islamabad, December 24, 2025 – The Federal Board of Revenue (FBR) has issued a notification introducing a special procedure for customs clearance of imported goods at the Sost Dry Port, aiming to streamline trade and facilitate businesses operating in the Gilgit-Baltistan (GB) region.

Islamabad, December 24, 2025 – The Federal Board of Revenue (FBR) has announced that its field offices will operate with extended working hours to facilitate taxpayers in meeting their duty and tax obligations before the year-end deadlines.

Are you a salaried person and often wonder why income tax is deducted from your salary before it reaches your bank account? This system is known as tax deduction at source, and it is governed by Section 149 of the Income Tax Ordinance, 2001.

Importers bringing goods into Pakistan must understand Section 148 of the Income Tax Ordinance, 2001, which governs advance income tax at the import stage. This tax is collected by Customs at the time of clearance and can significantly affect cash flow and compliance for importers.