Finance Bill 2026 Proposes Massive Increase in Penalties for Late Tax Return Filings
ATL restoration penalties rise up to Rs. 100,000 while sales tax default penalties are significantly enhanced.
Federal Cabinet Approves 7% Salary Increase for Government Employees
The federal cabinet has approved a 7% salary increase for government employees in the Budget 2026-27.
IT Companies could Pay 300% More Tax under Budget 2027
Pakistan may increase the tax rate on IT companies from 0.25% to 1% in Budget 2026-27.
PTBA Raises Legal Concerns Over Fixed Tax Scheme for Small Shopkeepers
PTBA has raised legal and procedural concerns over the Fixed Tax Scheme for small shopkeepers, seeking clarity.
LHC Rejects Plea to Suspend Agricultural Tax Notifications
LHC has refused to suspend Punjab’s agricultural tax notifications.
FBR to Introduce Strict Penalties for Businesses Not Connected to POS
ISLAMABAD: The federal government is set to impose stringent penalties on businesses and taxpayers that fail to integrate with the […]
Govt Aims to pass Budget before Ashura, may Suspend Weekend Holiday
The government aims to pass the Federal Budget before Ashura and may suspend weekend holidays in Parliament to ensure timely approval of the Finance Bill.
IMF Agrees to Drop Proposed Sales Tax Increase on Solar Panels
IMF agrees to drop the proposed sales tax increase on solar panels and stationery items.
IMF yet to Approve Proposed Tax Relief for Real Estate Sector
IMF and Govt remain divided over proposed tax reductions on property transactions.
Govt Proposes Tax Relief for Highest-Paid Salaried Individuals
ISLAMABAD: The federal government is considering targeted tax relief for high-income salaried individuals by raising the highest income tax slab […]