Finance Bill, 2026 proposes revised token tax rates for private vehicles, commercial transport, motor cabs, and public service vehicles in the Islamabad Capital Territory.
(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.
-
Pakistan abolishes 18% sales tax on shipping industry
Maritime minister says tax relief will cut logistics costs, attract investment and strengthen Pakistan’s blue economy
(more…) -
Finance Bill, 2026: Sales tax exemption granted on import or lease of PIACL aircrafts
Government waives sales tax on PIA aircraft, parts, and ground equipment to lift national carrier
(more…) -
Finance Bill, 2026: Algorithmic settlement mechanism
FBR introduces AI-driven automated tax settlement system to resolve disputes instantly
(more…) -
Finance Bill, 2026: Up to Rs5 million penalty for sales tax integration failure
Failure to integrate with the FBR computerized system could now cost your business millions.
(more…) -
FBR gets additional powers for sales tax scrutiny under Finance Bill 2026
Proposed amendments empower tax authorities to order re-audits and inventory revaluations in complex sales tax cases.
(more…) -
Finance Bill 2026 introduces faceless audit and assessment regime to transform tax administration
Finance Bill 2026 proposes major digital overhaul of Pakistan’s tax administration through a faceless audit and assessment framework
(more…) -
Finance Bill, 2026: Freezing of assets under Customs Act, 1969
Pakistan empowers custom courts to freeze assets in illegal fund transfer trials
(more…) -
FBR establishes technical and business committees to rectify Finance Bill 2026 anomalies
FBR notifies committees to remove anomalies in Finance Bill, 2026
ISLAMABAD – Pakistan’s Federal Board of Revenue (FBR) has officially constituted two high-level anomaly committees to identify and eliminate technical and business-related discrepancies found within the Finance Bill, 2026.
(more…) -
Pakistan hardens petroleum levy laws; grants FBR sweeping recovery powers against OMCs
Government introduces stringent petroleum levy laws for OMCs
ISLAMABAD – The Pakistani government has introduced aggressive legislative amendments through the Finance Bill, 2026, targeting oil marketing companies (OMCs), refineries, and licensees with stringent compliance, penalty, and recovery mechanisms for the petroleum and climate support levies.
(more…)