Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
(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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Finance Act, 2026 empowers FBR with direct access to high-value bank account data
Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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Finance Act, 2026 fixes 5% tax for all social media incomes
Government abolishes ATL distinction as uniform withholding tax applies to earnings from YouTube, Facebook, Instagram, TikTok and other digital platforms
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Finance Act, 2026 enforces algorithmic settlement for tax returns
FBR to offer AI-driven digital tax settlements without physical intervention under new legal framework
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Finance Act, 2026 introduces mandatory digital filing format for corporate tax returns
Companies must submit financial statements in machine-readable formats from tax year 2026 or risk invalid tax returns
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Finance Act, 2026 sets fair market value rule for inherited property
Government revises Finance Bill proposal by linking inherited property’s cost to transfer date instead of original owner’s death
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Finance Act, 2026 confirms tax credit for FBR digital integration
Businesses integrating with FBR’s real-time digital systems to receive 10% tax credit on eligible technology investments
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Finance Act, 2026: Govt empowered to reduce minimum WHT rates by 1%
New Section 53A allows targeted withholding tax relief for financially stressed businesses, excluding minimum tax under Section 113
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Finance Act, 2026: FBR tightens noose around insurance business
New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance
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Finance Act, 2026: Govt withdraws proposed law for OMCs
Government drops Finance Bill proposals on petroleum levy enforcement, recovery mechanism and mandatory reporting for oil companies
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