Karachi, March 25, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an additional residential property tax in the upcoming federal budget 2026-27, aiming to address imbalances in Pakistan’s housing market.
(more…)Category: Taxation
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
-
Pakistan Customs Mega Auction: Cars, SUVs, Trucks Up for Grabs
Peshawar, March 24, 2026 – Pakistan Customs has announced a large-scale mega auction of vehicles scheduled to be held on March 25, 2026, across multiple warehouses, including SWH Godown-E Peshawar and other regional stations. The auction will be conducted on an “AS IS WHERE IS BASIS,” meaning vehicles will be sold in their current condition without any warranty or guarantee.
(more…) -
ICMAP pushes luxury taxes and farmer incentives for Budget 2026–27
Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
(more…) -
FBR extends sugar import tax relief under new SRO 527
Karachi, March 19, 2026 – The Federal Board of Revenue has issued SRO 527(I)/2026, extending the sales tax exemption and concessional rates on the import of white crystalline sugar in a move aimed at stabilizing domestic prices and ensuring adequate supply in the market.
(more…) -
FBR tightens cargo rules: Shipping lines and GHAs now liable
Islamabad, March 19, 2026 – The Federal Board of Revenue (FBR) has amended the International Transshipment Rules through SRO 517(I)/2026, introducing stricter regulations for the movement of transshipment cargo. The updated rules aim to enhance accountability, prevent pilferage, and ensure proper payment of duties and taxes.
(more…) -
FBR rolls out major relief for exporters under EFS
Karachi, March 19, 2026 – The Federal Board of Revenue (FBR) has announced new relief measures under the Export Facilitation Scheme (EFS), aiming to ease compliance and improve liquidity for exporters, trade, and industry.
(more…) -
FBR grants DP World 16.9 acres at Port Qasim amid Iran war
Karachi, March 18, 2026 – The Federal Board of Revenue (FBR) has granted a special storage facility to DP World at Port Qasim to handle international transshipment cargo, citing the ongoing crisis linked to the Iran war and heightened tensions in the Gulf region.
(more…) -
FBR Moves Constitutional Court Over PHC Order on Tobacco Firms
Islamabad – The Federal Board of Revenue (FBR) has approached the Federal Constitutional Court (FCC), challenging a decision of the Peshawar High Court (PHC) that ordered the de-sealing of three tobacco manufacturing companies in Khyber Pakhtunkhwa.
(more…) -
Punjab food sector faces new mandatory tax requirement
Lahore, March 16, 2026 – The Punjab Revenue Authority (PRA) has made tax registration mandatory for food businesses seeking registration with the Punjab Food Authority (PFA) as part of broader tax reforms aimed at expanding the provincial tax base.
(more…) -
FTO directs FBR to adjust super tax against pending refunds
Islamabad, March 16, 2026: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that taxpayers’ super tax liabilities are adjusted against their pending income tax refunds, terming the department’s refusal to do so arbitrary and discriminatory.
(more…)