Finance Bill 2026 Moves to Scrap Capital Value Tax on Overseas Assets Held by Individuals
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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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Pakistan Proposes Reduction in Customs Duty on Raw Material Imports
Government plans to reduce customs duty rates on 92 tariff lines, introduce new PCT codes, and facilitate industrial growth through lower import costs.
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Pakistan Introduces State Warehouse for Seized Goods
Finance Bill 2026 introduces state warehouses to strengthen custody and security of detained and confiscated goods, with strict penalties for tampering.
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Senate approves Finance Bill 2026 recommendations, endorses new salary tax slabs
Upper House forwards 123 budget recommendations to National Assembly, including support for revised salaried tax rates and higher government salaries
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Finance Bill 2026 proposes steep increase in income tax penalties
FBR seeks tougher penalties for concealment of income, false statements and non-compliance to strengthen tax enforcement.
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FBR intensifies scrutiny of undisclosed property transactions
Faceless audit system to target mismatches in income and expenditure as tax authorities move against concealed high-value property deals.
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Finance Bill 2026 Proposes Minimum Value Addition Tax on Imports
Manufacturers supplying imported raw materials without in-house consumption may face 3% value addition tax, default surcharge, and possible prosecution.
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Sindh reduces super tax rate on agricultural income, eases penalties for non-filers
Budget 2026-27 raises super tax exemption threshold to Rs500 million and aligns tax rate with federal income tax regime.
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Pakistan Proposes FED Exemption for Hydration and Electrolyte Drinks
Budget 2026-27 aims to exclude low-sugar hydration beverages from the 20% Federal Excise Duty.
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Finance Bill 2026-27 Proposes Abolishment of Term ‘Late Filer’ in Pakistan
Government plans to remove higher withholding tax rates for late filers, bringing them at par with active taxpayers.
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