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News
ATIR Lahore says super tax adjustable against refunds
2+ week, 1+ day ago (312+ words) ISLAMABAD: The Appellate Tribunal, Inland Revenue, Lahore, has held that Super Tax, while being an independent charge for levy and computation, still qualifies as “tax due under the Income Tax Ordinance, 2001” and can therefore be adjusted against any available refund…...
Minimum tax for certain traders doubled
1+ mon, 1+ week ago (243+ words) Finance Bill 2026 proposes significant tax amendments, including increasing the minimum tax rate for distributors and wholesalers of various goods, alongside changes for terminal operators and manufacturers. ISLAMABAD: Finance Bill 2026 has increased the rate of minimum tax from 0.25 percent to 0.5 percent…...
FINANCE BILL 2026 - Business & Finance
1+ mon, 1+ week ago (1643+ words) A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2026, and to amend certain laws WHEREAS, it is expedient to make provisions to give effect to the…...
Pakistan’s tax challenge: four conversations, one problem—II
2+ mon, 2+ day ago (512+ words) Pakistan’s own experience shows the risks of blunt design. A tax on deemed income from immovable property initially appeared attractive as a revenue measure, but as it created constitutional litigation and taxpayer uncertainty, the revenue proved less durable than expected....
The job and targets of the FBR
2+ mon, 2+ week ago (212+ words) The FBR faces significant challenges in meeting tax targets, largely due to the Iran-US war's impact on prices and supply chains, leading to shortfalls and economic slowdown. EDITORIAL: The FBR’s job and targets are becoming increasingly challenging due to price…...
FBR holds urgent moot on new steps to bridge revenue shortfall
2+ mon, 3+ week ago (163+ words) ISLAMABAD: The Federal Board of Revenue (FBR) Monday convened an urgent meeting of top FBR officials on “new revenue mobilisation measures” to overcome revenue shortfall of Rs 683 billion during 2025-26. The meeting was chaired by FBR Chairman Rashid Mahmood Langrial and…...
‘TPU to ensure tax rationalisation for supporting economy’
2+ mon, 3+ week ago (380+ words) ISLAMABAD: The Tax Policy Unit (TPU) of Ministry of Finance will ensure tax rationalisation to support economic activity within documented and taxpaying sectors, particularly multinational companies ensuring their new investments, expansion with increased volumes and turnovers in 2026-27. Officials told Business…...
Nasir, World Bank team discuss Sindh property tax modernization, enhancement plan
3+ mon, 2+ day ago (329+ words) KARACHI: Sindh Minister for Local Government Syed Nasir Hussain Shah held an important meeting with a high-level delegation of the World Bank regarding the Sindh Property Tax Modernization and Enhancement initiative, in which a comprehensive strategy was discussed to modernize…...
Foreign oil firm case: FBR flags CTO Islamabad’s negligence before FTO
3+ mon, 3+ week ago (253+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern that the Corporate Tax Office (CTO) Islamabad has shown negligent attitude while dealing with a case of a foreign petroleum company before the Federal Tax Ombudsman, according to the…...
Fuel shock revives case for PHEVs, REEVs in Pakistan
4+ mon, 1+ week ago (609+ words) Pakistan’s fuel economy has been jolted by one of the sharpest oil price shocks in recent years, exposing the country’s vulnerability to global energy disruptions and reviving debate over the role of alternative vehicle technologies. Last week, the federal government…...