Banking tax rate reduced to 42% as FBR confirms corporate income tax rates effective from July 1, 2026
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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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FBR issues salary tax rates for Tax Year 2027
New income tax slabs effective from July 1, 2026, include lower rates for salaried individuals and tax relief for pensioners
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FBR notifies tax rates for business individuals, AOPs for Tax Year 2027
Revised income tax slabs effective from July 1, 2026, include up to 45% tax rate and concession for eligible professional firms
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FBR explains penalties for issuing tax invoices for fake transactions for FY2027
Fake or simulated tax invoices may attract penalties equal to invoice value, public listing, and automatic reversal of input tax credits under amended Sales Tax Act.
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FBR Sets Penalties of Up to Rs1 Million for Failure to Integrate Businesses for FY2026-27
Businesses failing to comply with FBR integration requirements under the Sales Tax Act may face hefty fines and possible sealing of premises.
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Pakistan Customs seizes Rs158 million worth of smuggled phones, liquor
Pakistan Customs seized smuggled goods worth Rs158 million at Sost Dry Port, recovering 317 concealed smartphones, over 3,500 bottles of foreign liquor, pork meat and other prohibited items.
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FTO orders probe into alleged iPhone delivery scam involving FedEx
Ombudsman directs FBR to investigate courier records, Customs officials and possible nationwide fraud involving imported smartphones
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Pakistan enforces special tax procedure for shopkeepers
New FBR scheme offers 1% turnover tax, simplified returns, audit relief and Green Plate recognition for eligible retailers
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FBR rolls out rules for Independent Case Scrutiny Committees
New committees led by retired judges will review tax litigation before references are filed in higher courts
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FBR explains taxpayer registration as income tax return filing 2026 begins
Tax authority urges individuals, companies and AOPs to complete IRIS e-enrolment before filing annual income tax returns
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