New TY2027 rates under Section 153 impose substantially higher withholding tax on non-ATL taxpayers across goods, services, contracts and e-commerce.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
FBR issues withholding tax card for profit on debt for TY2027
Non-ATL taxpayers will face substantially higher withholding tax rates on bank deposits, government securities and Sukuk profit under the Tax Year 2027 framework.
(more…) -
FBR notifies dividend withholding tax rates for TY2027
New tax card sets different dividend withholding rates based on recipient status, investment vehicle and source of income.
(more…) -
FBR issues withholding tax card for imports for TY2027
New tax card sets higher withholding rates for non-ATL importers, with separate rates for commercial imports, pharmaceuticals, EV kits and mobile phones.
(more…) -
KTBA highlights serious glitches in TY 2026 return form
Karachi Tax Bar Association urges FBR to address legal, technical and functional issues in IRIS before taxpayers face filing difficulties.
(more…) -
PM orders third-party audit of customs warehouses
Shehbaz Sharif directs three-year review and nationwide physical stock verification amid concerns over irregularities.
(more…) -
FBR seals illegal cigarette unit, seizes Rs211 million goods
Enforcement operation uncovers 12,600kg of raw tobacco and manufacturing equipment allegedly linked to tax evasion.
(more…) -
FBR dismisses Customs inspector over prolonged unauthorised absence
Lamia Iqbal was removed from service after the FBR found her prolonged absence without sanctioned leave was established by official records.
(more…) -
PM Shehbaz directs FBR to complete Faceless System rollout by 2027
The first phase of the AI-based tax system is scheduled to begin on October 1, with random case allocation aimed at improving transparency.
(more…) -
Taxable income above Rs10 million faces 10% surcharge in TY2027
The surcharge applies to individuals and associations of persons, while salaried individuals are specifically exempt under Section 4AB.
(more…)