Sindh targets a Rs388B tax collection for SRB in FY26, a 20% jump! 📈 Mandate expanded to include agri tax. Big shift to Negative List for sales tax on services, plus cuts for some services & third-party vehicle insurance.
Do you know Pakistan’s FY26 budget is out? 🇵🇰 Key highlights: Rs17.6T outlay, Rs14.1T FBR target! Expect new 18% sales tax on solar/online shopping, increased cash withdrawal tax for non-filers, & Rs500k fine/3yr jail for wrong CNIC/NTN use!
Do you know Pakistan’s FY26 budget brings HUGE tax changes? 🚨 Filer/non-filer distinction gone, potentially barring 100M+ from buying cars/investing! Plus, small cars face 18% GST (up from 12.5%), raising prices by up to Rs180k!
Do you know Govt abolished the 3-7% FED on property purchase/transfer from July 1, 2024? 🏠 Big relief for buyers! Plus, filers now get a 1.5% tax rate on property sales. Non-filer rates remain high.
Do you know Pakistan’s FY26 Budget is packed with tax changes? 📈 Super tax cut for some, new 18% sales tax on solar! Plus, strict FED enforcement & a new 5% digital levy on foreign/local online vendors.
Do you know Punjab, Sindh & KP’s FY26 budgets drop June 13? 🗓️ Punjab CM rejects new taxes, eyes tax net expansion. KP boosts dev. spending. Sindh focuses on public relief & salary hikes. Provinces set their fiscal course!
Do you know FBR recovered over Rs600 billion? 💰 IHC vacated stay orders in 270 long-pending tax cases, some stuck for decades! This massive win for revenue is due to concerted judicial efforts.
The FBR has suspended a Senior Auditor posted at a feed mill under Section 40B after harassment complaints. Industry reps welcomed the swift action and urged better support for field staff, along with a review of monitoring measures for compliant taxpayers.
PECO’s factory has been sealed by Punjab’s Excise Dept over Rs1.9 million in unpaid property tax. Meanwhile, its planned Rights Issue is on hold due to SECP restrictions linked to overdue liabilities. The company is pursuing legal channels to resolve both issues.
FBR just launched a Customs Command Fund? 💰 It offers upfront payments to informers (up to Rs. 500k) & special rewards for officers fighting smuggling! This boosts intelligence & operations to secure borders & revenue.