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Tag: budget 2026-2027

Income Tax Return FBR

Finance Bill 2026-27 Proposes Abolishment of Term ‘Late Filer’ in Pakistan

June 17, 2026June 17, 2026Faisal Shahnawaz

Government plans to remove higher withholding tax rates for late filers, bringing them at par with active taxpayers.

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Pakistan Finance Bill 2026

Pakistan Budget 2026-27 Proposes LLP Inclusion in AOP Definition

June 17, 2026June 17, 2026Faisal Shahnawaz

Finance Bill 2026-27 seeks to bring limited liability partnerships under AOP framework and revise taxation of exempt income received by members.

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Tax Budget

Is Super Tax Abolished for Exporters for FY 2026-27?

June 17, 2026June 17, 2026Faisal Shahnawaz

Budget 2026-27 speech suggests relief for exporters, but the proposal is yet to be incorporated into the Finance Bill and awaits final approval through the Finance Act 2026.

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Emirates plane

Pakistan Proposes Major Reduction in FED on International Air Tickets for FY 2026-27

June 16, 2026June 16, 2026Faisal Shahnawaz

The budget 2026-27 aims to lower federal excise duty on premium-class international travel from July 2026.

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Land Cruiser 300 ZX

Pakistan Proposes Customs Duty Exemption on Bulletproof Vehicle Imports

June 16, 2026June 16, 2026Faisal Shahnawaz

Budget 2026-27 introduces customs duty relief for bulletproof vehicles imported for SCO Summit and counterterrorism operations.

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bmw ix

Government Proposes Federal Excise Duty on High Value Imported Electric Vehicles

June 16, 2026June 16, 2026Faisal Shahnawaz

New budget measures target luxury EV imports with up to 40% excise duty to enhance revenue collection and regulate high-value vehicle imports.

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Lexus TX

Luxury Cars to Get More Expensive as Government Proposes Special Excise Duty

June 16, 2026June 16, 2026Faisal Shahnawaz

Federal Budget 2026-27 introduces higher taxes on imported luxury vehicles with engine capacities above 2000cc.

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technology

Pakistan Extends FTR Concession on IT Exports Until 2029 to Boost Digital Growth

June 13, 2026June 13, 2026Faisal Shahnawaz

Government prolongs 0.25% concessional tax regime, aiming to strengthen IT exports and support freelancers, software houses, and digital economy expansion

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Electric Vehicle

Pakistan Imposes FED on Luxury EVs Above Rs20 Million, Raises Duty on Large Vehicles

June 12, 2026June 12, 2026Faisal Shahnawaz

Budget 2026–27 introduces new taxes on high-end imports while extending relief for local EV assembly

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Budget FY 2026-27

Pakistan Unveils Rs18.771 Trillion Budget for FY 2026-27

June 12, 2026June 12, 2026Faisal Shahnawaz

Government shifts from stabilization to expansion with tax cuts, digital reforms, and investment-driven economic strategy

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  • Fourth of July heatwave puts 160 million Americans under alert July 3, 2026
  • FBR forgoes Rs1.52trn sales tax on POL products due to petroleum levy July 3, 2026
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  • Automotive sector receives Rs258bn customs duty relief: FBR July 3, 2026
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  • Fourth of July heatwave puts 160 million Americans under alert
  • FBR forgoes Rs1.52trn sales tax on POL products due to petroleum levy
  • FBR grants Rs1.56bn sales tax exemptions on gold imports
  • Automotive sector receives Rs258bn customs duty relief: FBR
  • Belgium Edge Senegal in Five-Goal Thriller to Reach FIFA World Cup Quarter-finals
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