Finance Bill 2026 proposes to empower the federal government to reduce certain minimum withholding tax rates to support economic viability.
(more…)Author: Faisal Shahnawaz
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FBR finally abolishes Section 7E after four years through Finance Bill 2026
Finance Bill 2026 withdraws the controversial deemed income tax on immovable properties after the Federal Constitutional Court declared Section 7E unconstitutional.
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FBR moves against billions lost through misuse of life insurance policies
Finance Bill 2026 introduces new taxes on early life insurance payouts to curb misuse of policies for tax arbitrage.
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Terminal operators face Rs10 million penalty for denying delay and detention certificates
Finance Bill 2026 proposes a twentyfold increase in penalties to ensure terminal operators comply with Customs-issued delay and detention certificates.
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Finance Bill, 2026: New Token Tax on Motor Vehicles Introduced in Islamabad
Finance Bill, 2026 proposes revised token tax rates for private vehicles, commercial transport, motor cabs, and public service vehicles in the Islamabad Capital Territory.
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Finance Bill, 2026: Algorithmic settlement mechanism
FBR introduces AI-driven automated tax settlement system to resolve disputes instantly
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Finance Bill, 2026: Up to Rs5 million penalty for sales tax integration failure
Failure to integrate with the FBR computerized system could now cost your business millions.
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FBR gets additional powers for sales tax scrutiny under Finance Bill 2026
Proposed amendments empower tax authorities to order re-audits and inventory revaluations in complex sales tax cases.
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Khurram Ijaz questions FBR’s Rs15.26 trillion revenue target, warns of pressure on taxpayers
Business leader cautions budget strategy may burden compliant sectors unless tax base is broadened and industrial reforms are introduced
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Pakistan hardens petroleum levy laws; grants FBR sweeping recovery powers against OMCs
Government introduces stringent petroleum levy laws for OMCs
ISLAMABAD – The Pakistani government has introduced aggressive legislative amendments through the Finance Bill, 2026, targeting oil marketing companies (OMCs), refineries, and licensees with stringent compliance, penalty, and recovery mechanisms for the petroleum and climate support levies.
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