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Finance Bill 2026 Introduces Algorithm-Based Tax Settlement Mechanism

Quratul Ain Jun 13, 2026

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

A workspace with tax documents and a smartphone.

Finance Bill 2026 Introduces Faceless Tax Audits and Appeals

Web Desk Jun 13, 2026

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

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FBR Bans PDF Financial Statements for Companies

Mah Noor Jun 13, 2026

Companies to submit financial statements in machine-readable formats such as Excel, XML, XBRL and JSON from Tax Year 2026.

A busy office desk with a calculator, pen, and financial documents.

Finance Bill 2026 Proposes Massive Increase in Penalties for Late Tax Return Filings

Web Desk Jun 13, 2026

ATL restoration penalties rise up to Rs. 100,000 while sales tax default penalties are significantly enhanced.

A financial desk setup with a calculator, documents, and digital elements.

Finance Bill 2026: FBR Proposes 100% Increase in Minimum Tax

Quratul Ain Jun 13, 2026

Finance Bill proposes doubling the minimum turnover tax from 0.25% to 0.5% for distributors of mobile phones, food products, fertilizers,…

A business professional working on tax documents at a desk.

Finance Bill 2026: Fixed Tax Scheme Introduced for Traders

Mah Noor Jun 12, 2026

Finance Bill 2026 introduces a Fixed Tax Scheme with mandatory POS integration and QR code system.