Finance Act 2026 increases withholding tax from 6% to 7% on a broad range of service payments
(more…)Tag: Federal Board of Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR collects nearly Rs4.70 trillion as import taxes in FY26
Pakistan Customs posts record June collections as annual import tax revenue rises 13.6% to Rs4.69 trillion
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FBR publishes banks’ access statistics for public servants’ asset declarations
2,205 requests approved under AML/CFT portal as FBR meets IMF transparency benchmark
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FBR waives late return surcharge for individuals filing special undertaking
Taxpayers can avoid surcharge by pledging not to acquire any property for six months
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SBP to share high-risk banking data with FBR
Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
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Finance Act, 2026 empowers FBR with direct access to high-value bank account data
Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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FBR imposes additional 30% regulatory duty on commercial imports of used vehicles
New levy takes effect under SRO 1065(I)/2026 and will be charged in addition to existing regulatory duties
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FBR notifies revised regulatory duty rates for FY2026-27 imports
SRO 1064(I)/2026 updates RD structure on hundreds of imported goods with effect from July 1, 2026
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FBR notifies new additional customs duty rates for FY2026-27 imports
SRO 1063(I)/2026 introduces revised additional customs duty structure effective from July 1, 2026
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FBR notifies procedure for collection of special excise duty on imported goods
New mechanism takes effect from July 1, 2026 under SRO 1072(I)/2026
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