Budget Archives - Page 5 of 167

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

Businesses integrating with FBR’s real-time digital systems to receive 10% tax credit on eligible technology investments

New Section 53A allows targeted withholding tax relief for financially stressed businesses, excluding minimum tax under Section 113

New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance

Government drops Finance Bill proposals on petroleum levy enforcement, recovery mechanism and mandatory reporting for oil companies

Private vehicles up to 1,000cc to pay Rs20,000 lifetime token tax, while larger vehicles face annual levy based on invoice value from July 1, 2026.

President signs Finance Bill 2026, paving the way for implementation of the FY2026-27 federal budget and revised tax regime

Government secures approval for Finance Bill 2026 with focus on economic stability, social protection, and sustainable growth.

Airlines, MROs and aircraft maintenance organisations to benefit from zero customs duty on aircraft and aviation-related imports.

Rashid Langrial commends officials for crafting a growth-oriented budget through extensive coordination and stakeholder engagement