PBC Proposals

Government plans major property tax relief in FY2026-27 budget

Proposed relief target withholding tax on property transactions for filers as budget details emerge ahead of FY2026-27 The government is considering significant tax relief measures for Pakistan’s real estate sector in the upcoming FY2026-27 budget, aiming to stimulate economic activity, boost construction and generate employment, according to sources familiar with the matter.

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Federal Tax Ombudsman Return Filing

FTO rules FBR cannot collect tax deposits without determining liability

Ombudsman says tax deposits cannot be taken without legal assessment; orders FBR to ensure due process and transparency in inquiry proceedings The Federal Tax Ombudsman (FTO) has held that obtaining tax deposits during inquiry proceedings without first determining liability through lawful assessment procedures constitutes maladministration and violates principles of due process and fair administration.

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