Islamabad, January 13, 2026: The Federal Board of Revenue (FBR) is set to introduce stringent laws targeting tax evasion under the Finance Bill 2026, aiming to broaden the tax net and increase revenue collection from affluent individuals and businesses.
In an effort to strengthen the taxation framework, the FBR has invited the business community and trade bodies to submit proposals and suggestions for the upcoming fiscal year. Officials emphasized that early engagement with stakeholders will help improve the budget formulation process, reduce procedural burdens, and ensure the Finance Bill reflects practical and implementable reforms.
The FBR is particularly seeking input on key policy areas, including:
• Broadening the tax base to ensure wider participation in revenue generation.
• Integrating all business value chains under the GST regime for comprehensive taxation.
• Progressive taxation measures targeting higher-income groups.
• Phasing out tax concessions and exemptions to enhance fairness in the system.
• Simplifying tax laws and removing procedural redundancies to facilitate ease of doing business.
• Reducing tax arbitrage and distortions to improve efficiency and enforce neutrality in taxation.
FBR officials clarified that these areas are illustrative, not exhaustive, and proposals should be clear, meaningful, and actionable, potentially involving additions, deletions, or amendments to existing tax laws.
The move reflects the government’s commitment to modernizing Pakistan’s tax system, curbing evasion, and ensuring equitable contribution from all sectors of society, particularly high-income earners. Stakeholders are encouraged to actively participate to help shape a more transparent and efficient fiscal framework under Finance Bill 2026.