Audit says incorrect tax collection at customs clearance caused Rs534.5 million revenue loss
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FBR introduces final tax on life insurance payouts to individuals
Finance Act, 2026 imposes withholding tax on certain life insurance and family takaful payments while exempting death, disability and long-term policy proceeds.
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FBR unveils draft income tax scheme for small shopkeepers
Proposed voluntary regime offers 1% turnover tax, audit relief and simplified compliance for eligible retailers
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Finance Bill, 2026: Salient Features of Income Tax Measures
The Federal Board of Revenue (FBR) has announced the salient features of major tax measures for taxpayers under the income tax laws introduced through the Finance Bill, 2026.
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Finance Bill, 2026: Major Income Tax Relief Measures for 2026–27
The Federal Board of Revenue (FBR) has announced major relief measures for taxpayers under the income tax laws introduced through the Finance Bill, 2026.
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Pakistan Budget 2026-27 Income Tax Reforms Bring Relief and Stronger Measures
Government announces lower taxes for salaried individuals, property sector incentives, export support, and stricter digital tax compliance under Budget 2026-27.
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Courier Services Become Tax Collectors in Pakistan
Islamabad, June 12, 2025 – In a dramatic turn of events, courier services in Pakistan are now poised to become full-fledged tax collectors, thanks to sweeping changes proposed in the Finance Bill, 2025.
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Deciphering Tax Code: Beginner’s Guide to Income Tax in Pakistan
Understanding the fundamentals of income tax in Pakistan is crucial for individuals and businesses alike before embarking on the process of registration and filing returns. This article provides a basic overview of key concepts to help you navigate the tax landscape.
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Income Tax Surcharge at 10% Levied on Salaried Persons
Karachi, June 29, 2024 – In a surprising move aimed at generating more tax revenue, the government has imposed a 10 percent surcharge on income tax for individuals earning over Rs 10 million.
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Pakistan 2024-25 Tax Calculator for Salary, Business Individuals
In a significant update for the upcoming fiscal year, the Finance Bill 2024 has unveiled revised tax brackets and rates, impacting both salaried individuals and business entities across the country.
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