Budget 2026-27 Archives - Page 3 of 25

Finance Act 2026 empowers FBR to order re-audit of taxpayers

Commissioners can direct independent re-audits and inventory re-valuations with prior approval to strengthen sales tax compliance.

Government raises privatization revenue target after missing FY2025-26 goal by a wide margin.

Government targets Rs15.74 billion in FY2026-27 as higher levy aims to curb captive gas use and promote grid electricity.

Government expects Rs122 billion from ICE vehicle levy in FY2026-27 to support Pakistan’s transition to cleaner transport.

Petroleum products, imported vehicles and electrical machinery are expected to remain the largest contributors to customs duty revenue.

Finance Act 2026 links sales tax collection to electricity consumption and offers lower rates for digitally compliant steel manufacturers.

Tax authority empowered to adopt Pakistan Bureau of Statistics valuations and outsource goods valuation to strengthen sales tax compliance.

Revised definition expands the scope of retailers subject to enhanced sales tax compliance and documentation requirements.

Sindh Revenue Board clarifies taxable value, exemption threshold and payment mechanism for educational institutions in FY2026-27.

Finance Act 2026 extends sales tax exemption to reinsurance services for crop and export-related marine insurance from 1 July 2026.