Finance Act 2026 extends sales tax exemption to reinsurance services for crop and export-related marine insurance from 1 July 2026.
(more…)Category: Budget 2026-27
This category provides latest stories related to budget 2026-27. Check updated articles on budget 2026-27 at Pakistan Revenue for information.
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Sindh enacts taxpayer confidentiality law under Finance Act 2026
New Section 73A protects taxpayer information while allowing limited disclosure for tax administration and inter-governmental cooperation.
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Aurangzeb begins early Budget 2027 consultations with Business Council
Finance minister says policy consistency, tax reforms and export-led growth remain central to Pakistan’s economic strategy during meeting with Pakistan Business Council.
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Sindh imposes up to Rs1 million penalty for non-compliant invoicing software
Finance Act 2026 targets developers and suppliers of software that enables invoices violating Sindh sales tax regulations.
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Finance ministry unveils PSDP fund release strategy for FY2026-27
Quarterly fund release schedule and tighter financial controls introduced to improve cash management and execution of development projects.
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FBR gets Rs85.6 billion for FY27 salaries and operations
Government raises FBR allocation by 11% to strengthen tax administration, digitalization and revenue collection efforts
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FBR raises withholding tax on various services to 7%
Finance Act 2026 increases withholding tax from 6% to 7% on a broad range of service payments
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Revised salary tax rates implemented from July 1, 2026
Finance Act 2026 introduces lower tax rates and revised income slabs for salaried individuals from FY2026-27
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FBR waives late return surcharge for individuals filing special undertaking
Taxpayers can avoid surcharge by pledging not to acquire any property for six months
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Finance Act 2026 cracks down on fake tax credit claims with 100% penalty
Taxpayers claiming unverifiable excess withholding tax credits will now pay a penalty equal to the overstated amount
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