Finance Act 2026 brings cryptocurrency exchanges, wallet providers and digital asset intermediaries into the provincial tax net
(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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Bank officials to face penalties in KP for obstructing tax recovery
Finance Act 2026 strengthens KPRA’s recovery powers and makes bank-wide compliance with recovery notices mandatory
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Provinces to receive record Rs8.63 trillion from divisible tax pool in FY2026-27
Punjab to receive the largest allocation as higher federal tax revenues boost NFC transfers to all four provinces
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Finance advisor unveils new tax operating model to modernise tax system
Advisor says NTOM will transform FBR into a data-driven, technology-enabled and transparent tax administration
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Punjab increases sales tax on consultancy services to 8%
Punjab Finance Act, 2026 increases the concessionary sales tax rate for consultants and rent-a-car services from 5% to 8% without input tax adjustment.
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Punjab raises concessionary tax rate to 8% for hotels and restaurants
Punjab Finance Act, 2026 increases the reduced sales tax rate from 5% to 8% for digitally paid hotel and restaurant services without input tax adjustment.
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Government targets Rs627 billion in savings bank deposits for FY2026-27
National Savings deposits are projected to rise to Rs1.49 trillion, driven by higher inflows into savings accounts and Islamic savings products.
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FBR introduces new sales tax exemptions for FY2026-27
Finance Act, 2026 expands the list of exempt goods and imports, including sanitary products, contraceptives, selected vessels and bulletproof vehicles.
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FBR abolishes ‘late filer’ category under Finance Act 2026
Higher withholding tax rates on property transactions for late filers have been withdrawn, aligning them with active taxpayers to encourage return filing.
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Pakistan allocates Rs1.17 trillion for pensions in FY2026-27
Military and civil pension allocations increase by nearly 12%, while funding for the Federal Pension Fund more than doubles.
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