Finance Act, 2026 expands the list of exempt goods and imports, including sanitary products, contraceptives, selected vessels and bulletproof vehicles.
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FBR exempts bulletproof vehicle imports from sales tax
Finance Act 2026 also grants sales tax relief on specified maritime vessels and equipment to support shipping and logistics
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Pakistan extends sales tax exemption on aircraft imports to all airlines
Finance Act 2026 broadens aviation tax exemption beyond PIA to all airlines registered in Pakistan from July 2026
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FBR explains why it uses 24.5% corporate tax benchmark for tax expenditure estimates
Tax Expenditure Report 2026 says conservative benchmark avoids overstating the fiscal cost of corporate tax concessions.
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FBR explains why individual tax expenditure estimates cannot be added together
Tax Expenditure Report 2026 says separate estimates do not reflect the total revenue impact of removing all tax concessions.
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FBR explains new adjustment factors for sales tax exempt local supplies
New three-tier methodology accounts for embedded sales tax in supply chains to provide a more accurate estimate of tax expenditure.
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Social security sector tops income tax exemptions with Rs197bn relief: FBR report
Tax Expenditure Report 2026 identifies social security, pensions and the financial sector as the largest beneficiaries of income tax concessions
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Tax exemptions cost Pakistan Rs2.35trn, equal to 2.07% of GDP
Tax Expenditure Report 2026 adopts IMF- and OECD-aligned methodology to provide a more accurate estimate of revenue foregone
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Pakistan Tax Exemptions Surge 73% to Rs 3.88 Trillion in FY24
In a notable fiscal shift, the cost of tax exemptions and concessions in Pakistan surged by 73% to reach Rs 3.88 trillion during the fiscal year 2023-24, as highlighted in the Pakistan Economic Survey 2023-24 released on Tuesday.
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FBR Extends Tax Exemption of Rs12.24 Billion on Civil and Military Pensions
Karachi, July 13, 2023 – The Federal Board of Revenue (FBR) has announced an extension of income tax exemption totaling Rs12.24 billion on pensions disbursed to civil servants and military personnel.
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