FBR’s Medium Taxpayers Office records 29% growth in monthly revenue driven by stronger tax enforcement
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
Finance Act 2026 Allows Installment Tax Payments on Imported Phones
Imported mobile phone users can now pay PTA registration taxes in installments instead of a lump sum
ISLAMABAD: The government has introduced a significant relief measure for individuals importing mobile phones by allowing taxes on imported devices to be paid in instalments from July 1, 2026, under the Finance Act 2026.
(more…) -
Finance Act, 2026 fixes 5% tax for all social media incomes
Government abolishes ATL distinction as uniform withholding tax applies to earnings from YouTube, Facebook, Instagram, TikTok and other digital platforms
(more…) -
Finance Act, 2026 enforces algorithmic settlement for tax returns
FBR to offer AI-driven digital tax settlements without physical intervention under new legal framework
(more…) -
Finance Act, 2026 introduces mandatory digital filing format for corporate tax returns
Companies must submit financial statements in machine-readable formats from tax year 2026 or risk invalid tax returns
(more…) -
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
(more…) -
Finance Act, 2026 confirms tax credit for FBR digital integration
Businesses integrating with FBR’s real-time digital systems to receive 10% tax credit on eligible technology investments
(more…) -
Finance Act, 2026: Govt empowered to reduce minimum WHT rates by 1%
New Section 53A allows targeted withholding tax relief for financially stressed businesses, excluding minimum tax under Section 113
(more…) -
Finance Act, 2026: FBR tightens noose around insurance business
New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance
(more…) -
Finance Act, 2026: Govt withdraws proposed law for OMCs
Government drops Finance Bill proposals on petroleum levy enforcement, recovery mechanism and mandatory reporting for oil companies
(more…)