Late tax return filers may face substantially higher costs to regain Active Taxpayer List status under proposed amendments
(more…)Tag: Finance Bill 2026
Discover key highlights of Finance Bill 2026, including tax reforms, income tax changes, customs duties, and fiscal policy measures for growth in Pakistan.
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Finance Bill 2026 expands CGT collection scope for NCCPL
Proposed amendments broaden NCCPL’s tax collection framework and standardise capital gains tax computation across financial sectors
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The Algorithmic Dragnet: FBR Launches Total Digital Scrutiny of Bank Accounts
No More Hiding: Finance Bill 2026 introduces Section 165AB, overriding decades of banking secrecy laws to feed high-value financial data directly into an AI-driven “Central Data Hub.”
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The Influencer Audit: FBR Is Coming for the Digital Wealth of Content Creators
The Free Ride Is Over: Finance Bill 2026 unleashes a relentless withholding tax regime targeting the untold millions of undeclared social media earnings.
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Finance Bill 2026 explains market value of inherited property
Finance Bill 2026 clarifies valuation rules for inherited property, aligning cost basis with fair market value at the time of inheritance.
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Finance Bill 2026 proposes tax credit for integration with FBR systems
Finance Bill 2026 introduces 10% tax credit to encourage businesses to integrate with FBR’s digital monitoring systems.
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Government to introduce special minimum tax rates under Finance Bill 2026
Finance Bill 2026 proposes to empower the federal government to reduce certain minimum withholding tax rates to support economic viability.
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FBR finally abolishes Section 7E after four years through Finance Bill 2026
Finance Bill 2026 withdraws the controversial deemed income tax on immovable properties after the Federal Constitutional Court declared Section 7E unconstitutional.
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FBR moves against billions lost through misuse of life insurance policies
Finance Bill 2026 introduces new taxes on early life insurance payouts to curb misuse of policies for tax arbitrage.
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Terminal operators face Rs10 million penalty for denying delay and detention certificates
Finance Bill 2026 proposes a twentyfold increase in penalties to ensure terminal operators comply with Customs-issued delay and detention certificates.
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