This category provides latest stories related to budget 2026-27. Check updated articles on budget 2026-27 at Pakistan Revenue for information.
Government resists IMF proposal for GST increase as officials weigh revenue measures ahead of federal budget
Pakistan is unlikely to raise the General Sales Tax (GST) rate in the federal budget for 2026-27 despite a proposal from the International Monetary Fund (IMF), as authorities remain concerned about the inflationary impact of higher indirect taxes amid rising fuel costs, sources said.
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Tax body urges amendment to align sales tax law with FBR’s digital registration procedures
The Karachi Tax Bar Association (KTBA) has highlighted procedural hurdles in the Federal Board of Revenue’s (FBR) online tax system, saying registered taxpayers face difficulties in declaring business bank accounts because the prescribed sales tax registration form is no longer available on the tax authority’s digital platform.
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Chartered accountants call for lower sales tax rates and wider incentives to boost documentation and expand the sales tax net.
The Institute of Chartered Accountants of Pakistan (ICAP) has expressed concern over a decline in active sales tax registrations and urged the government to reduce sales tax rates in the federal budget 2026-27 to encourage greater documentation of the economy and improve tax compliance.
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Chartered accountants propose comprehensive regulation and taxation framework for cryptocurrencies in Budget 2026-27 to expand tax base and improve oversight.
The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to introduce a comprehensive taxation and regulatory framework for crypto assets in the upcoming Budget 2026-27, citing rapid growth in digital asset adoption and the need for stronger financial oversight.
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Chartered accountants seek revision of outdated cash payment thresholds to reflect inflation and ease compliance burden on businesses.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed increasing cash transaction limits for salary payments and other business expenditures through amendments to the Income Tax Ordinance, 2001, as part of its recommendations for the federal budget 2026-27.
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National Assembly and Senate sessions summoned as government prepares to unveil Budget 2026-27.
The federal government is set to present the Budget 2026-27 on June 5 after Asif Ali Zardari summoned separate sessions of the National Assembly and Senate on the same day.
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Stock exchange proposes lower corporate taxes, restored incentives and removal of withholding taxes to boost listings and market growth.
The Pakistan Stock Exchange (PSX) has proposed a series of tax relief measures and investor-friendly reforms in the federal budget 2026-27 (FY27) aimed at strengthening capital markets, encouraging new listings and improving overall investment activity.
(more…)Chartered accountants’ body calls for clearer rules and alignment of advance tax mechanism for builders and developers.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed amendments relating to taxation of builders and developers under Section 7F of the Income Tax Ordinance, 2001, in its budget proposals for 2026-27.
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Chartered accountants’ body seeks mandatory 48-hour notice and transparent audit selection to protect taxpayer rights.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that tax authorities should be required to issue prior notice before entering taxpayers’ business premises for audit and monitoring purposes.
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Chartered accountants’ body proposes raising daily cash withdrawal limit to Rs75,000 for non-filers amid inflation and higher business cash-flow needs.
The Institute of Chartered Accountants of Pakistan has proposed increasing the daily cash withdrawal threshold for withholding tax collection in the federal budget for fiscal year 2026-27.
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