Pakistan Revenue
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 […]
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Chartered accountants seek revision of outdated cash payment thresholds to reflect inflation and ease compliance burden on businesses.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 […]
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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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Chartered accountants’ body proposes raising daily cash withdrawal limit to Rs75,000 for non-filers amid inflation and higher business cash-flow needs. The Institute of Chartered Accountants of Pakistan has proposed increasing the daily cash withdrawal threshold for withholding tax collection in the federal budget for fiscal year 2026-27.
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Chartered accountants’ body proposes CPI-based adjustment of salary tax slabs to ease burden on salaried class amid persistent inflation. The Institute of Chartered Accountants of Pakistan has proposed linking salary tax slabs with Consumer Price Index (CPI) inflation in the federal budget 2026-27 to reduce the growing tax burden on salaried individuals.
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Karachi Tax Bar Association urges expansion of documentation rules across all trade levels to widen tax base and improve transparency. The Karachi Tax Bar Association (KTBA) has proposed extending the requirement of collecting Computerized National Identity Card (CNIC) and National Tax Number (NTN) details throughout the entire supply chain, in a move aimed at broadening […]
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Tax bar urges reduction in property withholding taxes, says current rates are hurting real estate activity and investment The Karachi Tax Bar Association (KTBA) has called for an end to higher withholding tax rates on immovable property transactions, saying the current structure is discouraging activity in the real estate sector.
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Tax bar says punitive withholding taxes have become a revenue tool instead of improving documentation and compliance The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to abolish higher withholding tax rates imposed on non-filers and instead strengthen targeted enforcement measures to expand the tax net.
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