The Federal Board of Revenue (FBR) has introduced a Simple Tax Return for Small Retailers (Tax Year 2026) to make tax filing easier for small traders and shopkeepers. Instead of completing lengthy income tax returns with detailed financial statements, eli... See more
If you hold a life insurance policy or a family takaful certificate in Pakistan, the Finance Act 2026 has introduced crucial changes to how your payouts are taxed. Through the newly inserted Section 7G in the Income Tax Ordinance, 2001 , the Federal Board... See more
KARACHI: The Sindh government is set to present its Budget 2026-27 today, with the provincial administration expected to announce relief measures for government employees while reducing development spending amid growing fiscal constraints. Chief Minister ... See more
ISLAMABAD: The Federal Government has officially abolished the controversial deemed income tax on immovable properties by repealing Section 7E of the Income Tax Ordinance, 2001 through the Finance Bill 2026. The move follows a landmark decision by the Fed... See more
Islamabad: The Federal Government has proposed a new data-driven tax compliance mechanism through the insertion of Section 165AB in the Income Tax Ordinance, 2001, under the Finance Bill 2026. The proposed law would require banks and Electronic Money Inst... See more
