Tax Expenditure Report 2026 categorises major income tax relief measures to improve transparency and assess their fiscal impact.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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FBR introduces benchmark framework to measure income tax reliefs
Tax Expenditure Report 2026 distinguishes structural features of Pakistan’s tax system from targeted tax concessions to improve fiscal transparency.
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FBR explains four key tax relief mechanisms under Pakistan’s tax laws
Tax Expenditure Report 2026 outlines how allowances, tax credits, exemptions and reduced tax rates support economic objectives while affecting government revenue.
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Sindh imposes up to Rs1 million penalty for non-compliant invoicing software
Finance Act 2026 targets developers and suppliers of software that enables invoices violating Sindh sales tax regulations.
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FBR reduces RD on wrist watches, precious metal case watches from July 2026
Reduced regulatory duty on imported wrist watches and precious metal case watches takes effect from July 1 under the FY2026-27 tariff schedule.
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Pakistan cuts regulatory duty on coffee imports by up to 38%
New customs tariff reduces regulatory duty on instant coffee, retail packs and coffee extracts from July 1, 2026
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FBR failed to recover Rs1.02 billion property income tax: AGP
Audit finds 472 withholding agents failed to deduct tax on rental payments across 17 FBR field offices
ISLAMABAD: The Federal Board of Revenue (FBR) has failed to recover more than Rs1.02 billion in withholding tax on income from property after hundreds of withholding agents did not deduct tax on rental payments, according to the latest audit report of the Auditor General of Pakistan (AGP).
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FBR slashes RD by up to 58% on imported juices and mineral waters
Revised customs duty rates for juices, mineral waters, and non-alcoholic beverages take effect from July 1, 2026, under the new fiscal year tariff schedule.
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Pakistan reduces regulatory duty to 8% on shrimp and prawn imports
Reduced import duty on shrimps and prawns takes effect from July 1, 2026, under the updated tariff schedule for FY2026-27.
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Customs officials attacked during anti-smuggling operation in Peshawar, two personnel injured
Armed suspects allegedly open fire on Pakistan Customs team during anti-smuggling raid in Hayatabad before fleeing with suspected smuggled goods.
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