Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
Chartered accountants call for lower sales tax rates and wider incentives to boost documentation and expand the sales tax net.
The Institute of Chartered Accountants of Pakistan (ICAP) has expressed concern over a decline in active sales tax registrations and urged the government to reduce sales tax rates in the federal budget 2026-27 to encourage greater documentation of the economy and improve tax compliance.
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Medium Taxpayers’ Office Karachi surpasses revenue goal with strong income tax and sales tax growth, boosting FBR’s fiscal outlook.
The Medium Taxpayers’ Office (MTO) Karachi has exceeded its tax collection target for May 2026, achieving the milestone two days before month-end and delivering a strong boost to the Federal Board of Revenue’s (FBR) revenue performance ahead of the fiscal year close.
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Chartered accountants propose comprehensive regulation and taxation framework for cryptocurrencies in Budget 2026-27 to expand tax base and improve oversight.
The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to introduce a comprehensive taxation and regulatory framework for crypto assets in the upcoming Budget 2026-27, citing rapid growth in digital asset adoption and the need for stronger financial oversight.
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Chartered accountants seek revision of outdated cash payment thresholds to reflect inflation and ease compliance burden on businesses.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed increasing cash transaction limits for salary payments and other business expenditures through amendments to the Income Tax Ordinance, 2001, as part of its recommendations for the federal budget 2026-27.
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FBR chairman Rashid Mahmood Langrial to assess tax collection performance and enforcement measures during key June visit.
Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), is scheduled to visit Karachi on June 1, 2026, to review tax collection performance and enforcement efforts during the final month of fiscal year 2025-26.
(more…)Tax offices to remain open on Saturday and Sunday as authorities move to boost revenue collection ahead of fiscal close.
The Federal Board of Revenue (FBR) has declared Saturday and Sunday, May 30 and 31, 2026, as normal working days for major tax offices across the country to facilitate taxpayers in the payment of duties and taxes.
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Newly notified area at South Asia Pakistan Terminal to be used for storage and handling of empty containers.
The Federal Board of Revenue (FBR) has declared an additional reclaimed area adjoining the South Asia Pakistan Terminal (SAPT) as a customs area for the storage and handling of empty containers.
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Stock exchange proposes lower corporate taxes, restored incentives and removal of withholding taxes to boost listings and market growth.
The Pakistan Stock Exchange (PSX) has proposed a series of tax relief measures and investor-friendly reforms in the federal budget 2026-27 (FY27) aimed at strengthening capital markets, encouraging new listings and improving overall investment activity.
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Chartered accountants’ body calls for clearer rules and alignment of advance tax mechanism for builders and developers.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed amendments relating to taxation of builders and developers under Section 7F of the Income Tax Ordinance, 2001, in its budget proposals for 2026-27.
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Chartered accountants’ body seeks mandatory 48-hour notice and transparent audit selection to protect taxpayer rights.
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that tax authorities should be required to issue prior notice before entering taxpayers’ business premises for audit and monitoring purposes.
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