Advance adjustable tax will apply to weddings, seminars, exhibitions and other events held at designated venues under the updated Income Tax Ordinance.
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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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Islamabad Customs seizes 24 smuggled luxury vehicles in July 2026
Intelligence-led operations during July 2026 recover luxury vehicles, foreign cigarettes and other contraband in a major anti-smuggling crackdown.
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One year on, FBR yet to enforce Section 114C restrictions
Absence of implementing rules and government notification keeps high-value transaction restrictions on ineligible persons inoperative.
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FBR warns taxpayers against incorrect Tax Year 2026 returns
Tax authority says inaccurate declarations may trigger scrutiny as IRIS portal opens for annual return filing.
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Small shopkeeper tax scheme raises concerns over hidden tax amnesty
Tax experts say the optional 1% turnover-based regime could create an uneven playing field by offering extensive compliance relief to eligible retailers.
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FBR notifies date for publishing Active Taxpayers List 2026
New ATL will be issued immediately after the income tax return filing deadline under amended Income Tax Rules, 2002.
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Pakistan Customs pushes AI-driven trade facilitation at UNODC-WCO meeting in Uzbekistan
Pakistan highlights AI-powered customs reforms, digital connectivity and regional cooperation to strengthen secure trade and border management.
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Withholding tax rates on phone usage notified for TY 2027
Subtitle: Mobile, internet and prepaid services remain subject to 15% withholding tax, while specified non-filers face a 75% rate under Section 114B.
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Income tax rates on electricity consumption notified for TY 2027
Commercial, industrial and domestic electricity consumers to pay advance income tax under updated Income Tax Ordinance from July 1, 2026.
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FBR exceeds July 2026 target with over Rs810 billion tax collection
Strong sales tax receipts help FBR beat its July revenue target despite lower-than-expected income tax collections, providing a solid start to FY2026-27.
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