Pakistan Revenue
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
Chartered accountants call for reforms in utility tax collection system, citing misclassification and compliance issues in FY2026-27 proposals ISLAMABAD, June 4, 2026 — The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to review the mechanism for collecting additional sales tax through electricity and gas bills, arguing that the current system is […]
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Chartered accountants propose 10-year tax stability and incentives for export-oriented foreign investors in FY2026-27 budget The institute recommended the creation of a separate tax schedule specifically designed for foreign direct investment in export-led manufacturing sectors. Under the proposed framework, qualifying investors would receive a package of tax incentives, legal protections and clearly defined eligibility criteria […]
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New 20-acre facility in Karachi to enhance cargo handling and customs clearance capacity for imports and exports ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has declared M/s International Cargo Terminal Pakistan (Pvt) Ltd. (ICTPL), Karachi, as an off-dock customs terminal for the clearance of import and export consignments, a move aimed […]
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Beverage manufacturers directed to install real-time production monitoring systems by June 30, 2026 ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has launched an electronic production monitoring regime for manufacturers of aerated waters and beverages across Pakistan, requiring all registered producers to install the prescribed monitoring infrastructure by June 30, 2026.
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Proposed end of EV tax incentives and higher levies on hybrids raise concerns over market slowdown Pakistan’s push toward cleaner transport could face a setback as the government considers ending tax concessions on electric vehicles in the Budget 2026-27, potentially raising costs for consumers and slowing industry growth, according to sources.
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Proposal to shift stationery items to standard tax rate sparks concern over affordability and inflation pressures Millions of Pakistani families could face higher education-related expenses as the government considers increasing sales tax on stationery items from the current reduced rate of 10% to 18% in the upcoming Budget 2026-27, according to sources.
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Proposed relief target withholding tax on property transactions for filers as budget details emerge ahead of FY2026-27 The government is considering significant tax relief measures for Pakistan’s real estate sector in the upcoming FY2026-27 budget, aiming to stimulate economic activity, boost construction and generate employment, according to sources familiar with the matter.
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Ombudsman says tax deposits cannot be taken without legal assessment; orders FBR to ensure due process and transparency in inquiry proceedings The Federal Tax Ombudsman (FTO) has held that obtaining tax deposits during inquiry proceedings without first determining liability through lawful assessment procedures constitutes maladministration and violates principles of due process and fair administration.
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Former PSP officer to head key body tasked with identifying and confiscating assets held through proxy ownership under Benami law The federal government has appointed retired BS-22 Police Service of Pakistan officer B.A. Nasir as Chairperson of the Benami Adjudicating Authority, according to a notification issued by the Federal Board of Revenue (FBR).
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Constitutional court overturns LHC ruling, says exempt poultry farmers cannot be compelled to register for sales tax The Federal Constitutional Court (FCC) has ruled that poultry farmers are not legally required to obtain sales tax registration, holding that their activities are already exempt from sales tax under the Sales Tax Act, 1990.
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