Finance Bill 2026 Archives - Page 2 of 5

Senate approves Finance Bill 2026 recommendations, endorses new salary tax slabs

Upper House forwards 123 budget recommendations to National Assembly, including support for revised salaried tax rates and higher government salaries

FBR seeks tougher penalties for concealment of income, false statements and non-compliance to strengthen tax enforcement.

Senate finance panel calls for export-focused tax reforms to strengthen competitiveness and boost foreign exchange inflows

Lawmakers question effectiveness of proposed tax relief for salaried individuals and seek fiscal impact assessments

Income up to Rs600,000 to remain exempt as Senate finance committee backs taxation framework for digital creators

Finance Bill 2026 proposes new excise duty on petroleum products including naphtha, white spirit and solvent oil.

Tax reductions and the abolition of deemed income provisions are expected to boost property transactions and restore investor confidence.

Proposed amendment withdraws tax exclusion and subjects non-ATL investors to significantly higher tax on securities transactions

Reduced withholding tax rates on property transactions aim to encourage documentation and expose undeclared wealth in real estate

Cold numbers, harsh reality: Finance Bill, 2026 slashes tax rates for high-earning elites while ignoring the backbone of the workforce.