Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
New valuation ruling updates duty assessment rates for imported fragrances and replaces 2024 customs values.
Pakistan Customs has revised the customs values of imported perfumes, eau de toilette, and eau de cologne for the assessment of import duties and taxes by issuing a new valuation ruling.
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Taxpayers can avoid surcharge by pledging not to acquire any property for six months
(more…)Taxpayers claiming unverifiable excess withholding tax credits will now pay a penalty equal to the overstated amount
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Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
(more…)Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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New levy takes effect under SRO 1065(I)/2026 and will be charged in addition to existing regulatory duties
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SRO 1064(I)/2026 updates RD structure on hundreds of imported goods with effect from July 1, 2026
(more…)SRO 1063(I)/2026 introduces revised additional customs duty structure effective from July 1, 2026
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New mechanism takes effect from July 1, 2026 under SRO 1072(I)/2026
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Tax authority meets revised revenue target with net collection of Rs13 trillion after paying Rs597 billion in refunds
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