Latest Tax News

Former minister has proposed a simplified three-slab salary tax system with 5%, 10% and 20% rates, to provide greater relief.

Finance Bill 2026 abolishes Section 7E after the Federal Constitutional Court declared the deemed income tax on immovable properties unconstitutional.

Finance Bill 2026 proposes major changes to Section 25 of the Sales Tax Act, allowing FBR to order re-audits, issue mandatory audit reports, and strengthen sales tax enforcement.

Traders have urged the government to remove the Rs25,000 fixed tax from the proposed retailer scheme.

Finance Bill 2026 proposes using fair market value as the tax cost of inherited property.

Finance Bill 2026 proposes banks and EMIs to report transactions exceeding Rs. 100 million for automated FBR cross-matching and tax compliance monitoring.

Budgetextends 0.25% tax on IT exports till 2029, cuts advance tax on foreign digital payments, offers startup incentives, reduces Super Tax.

5% withholding tax on income earned by digital content creators, YouTubers, TikTokers, Instagram and Facebook influencers is proposed.

Finance Bill 2026 proposes an algorithm-driven tax settlement mechanism allowing taxpayers to resolve disputes through system-generated offers.

Finance Bill 2026 proposes faceless tax audits, assessments, and appeals. Introducing e-hearings, algorithm-based case allocation, and fully digital tax proceedings