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Author: Shahnawaz Akhter

FBR - Taxation

FBR issues withholding tax rates for exports for tax year 2025-26

August 25, 2025May 15, 2026Shahnawaz Akhter

Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has released updated withholding tax rates applicable to exports for the tax year 2025-26, following recent amendments to the Income Tax Ordinance, 2001 through the Finance Act, 2025.

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ICMA Pakistan

ICMAP Suggests Defence Index for Market Resilience

August 25, 2025August 25, 2025Shahnawaz Akhter

Karachi, August 25, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the establishment of a Defence Sector Index at the Pakistan Stock Exchange (PSX) to safeguard the market during periods of conflict and national emergency.

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Tax Budget

What happens if sales tax is collected in excess?

August 25, 2025August 25, 2025Shahnawaz Akhter

Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has clarified the legal framework for handling excess sales tax collections under Section 3B of the Sales Tax Act, 1990.

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FBR Blue

FBR announces updated sales tax rates for 2025-26

August 25, 2025August 25, 2025Shahnawaz Akhter

Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has officially notified the revised sales tax framework for the fiscal year 2025-26 through amendments to the Sales Tax Act, 1990.

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FBR White

Exemption granted to employee share schemes in tax year 2025-26

August 24, 2025August 24, 2025Shahnawaz Akhter

The Federal Board of Revenue (FBR) has announced a significant tax relief for employees by granting exemptions to employee share schemes under the updated Income Tax Ordinance, 2001 for the tax year 2025-26.

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Tax Budget

Are Perquisites Part of Salary Income in Tax Year 2025-26?

August 24, 2025August 24, 2025Shahnawaz Akhter

The Federal Board of Revenue (FBR) has clarified how perquisites will be treated under the updated Income Tax Ordinance, 2001 for the tax year 2025-26.

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PBC Proposals

Determination of Salary Income in Tax Year 2025-26

August 24, 2025August 24, 2025Shahnawaz Akhter

Are you ready to discover how your salary will be taxed in the upcoming year? With the Federal Board of Revenue (FBR) updating the Income Tax Ordinance, 2001 for the tax year 2025-26, employees across Pakistan are seeking clarity on how their earnings will be classified, taxed, and possibly optimized.

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Sindh Revenue Board

Sindh Government Notifies Agricultural Income Tax Rules, 2025

August 24, 2025August 24, 2025Shahnawaz Akhter

Karachi, August 24, 2025 – The Government of Sindh has formally introduced the Agricultural Income Tax Rules, 2025, marking a major step toward streamlining the taxation framework for the province’s growing farm economy.

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SBP issues checklist to detect inconsistent trade activity

August 24, 2025August 24, 2025Shahnawaz Akhter

The State Bank of Pakistan (SBP) has introduced a comprehensive checklist aimed at identifying red flags in trade activity to curb the risk of money laundering and other financial crimes.

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FBR Pakistan Karachi

FBR sets income benchmark for tax year 2025-26

August 23, 2025August 23, 2025Shahnawaz Akhter

Islamabad, August 23, 2025 – The Federal Board of Revenue (FBR) has officially determined your income benchmark for the tax year 2025-26, marking a crucial step toward defining who pays what in Pakistan’s evolving tax landscape. And yes, it directly impacts your wallet!

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