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Tax System Under Pressure: Overseas Investors Call for Expanding Tax Base in Budget 2026–27 As Pakistan moves closer to finalizing its Budget 2026–27, an important debate has once again come into focus — should the government continue increasing taxes on existing taxpayers, or should it bring more people into the tax net? Foreign investors have […]

Fuel Sector Becomes a Major Tax Contributor: FBR Collection Jumps Significantly Pakistan’s tax collection from petroleum products has seen a strong and consistent rise over the past few years. An example can be cited in this regard whereby the Federal Board of Revenue (FBR) has observed a sharp rise in the tax withheld in the

Is “Deemed Income” Tax on Property Legal? Court Reviews Section 7E in 2026 Section 7E of the Income Tax Ordinance, 2001, related to taxation of “deemed income” earned on immovable properties, is the most relevant area in relation to the taxation laws of Pakistan. This matter is pending before the Federal Constitutional Court (FCC), and

Pakistan Moving Toward Digital Cargo System: Paper Bilties May Soon End Pakistan is set to implement a revolutionary change in the way goods tracking and transportation will take place in the country in the coming future. The Federal Board of Revenue will start implementing a digital e-Bilty system through their Cargo Tracking System (CTS). To

SIDC Now Payable After Clearance: PSW Expands Post-Payment System in 2025 ISLAMABAD, 2025: Pakistan Single Window (PSW), working closely with the Federal Board of Revenue (FBR) and Pakistan Customs, has taken another important step to simplify trade procedures. The post payment system is now extended to Sindh Infrastructure Development Cess (SIDC) on the WeBOC/PSW system.

 Partnership Tax Mistakes That Can Lead to Penalties Partnership businesses are very common, but their tax treatment is often misunderstood. Many firms unknowingly make mistakes while recording partner payments such as salaries, commissions, bonuses, and incentives. This may result in filing incorrect tax statements, failure to disclose income, and finally, being penalized by the tax

LLC Formation Delays in the U.S.: What You Need to Know The Truth Behind LLC Process Delays Many believe that setting up an LLC within the US is fast; however, in reality, delays are pretty common. Even though some companies are registered in just several days, others might take weeks or even more. And the

Empty Plots in Cities May Soon Be Taxed – Budget 2026–27 Proposal Explained In a recent development, Institute of Cost and Management Accountants of Pakistan has suggested a new idea for Pakistan’s upcoming budget. The proposal is made to the Ministry of Finance Pakistan, and the topic revolves around a tax imposition on undeveloped urban

SRB Shows Strong Momentum: 25% Revenue Growth Signals Positive Start for 2026 The performance of the Sindh Revenue Board has been very encouraging, showing a 25% increase in revenues for December 2025, marking a promising start to the province of Sindh’s finances in 2026. SRB has reportedly collected Rs34.006 billion in December 2025; this is

U.S. Tax Status Made Simple: Resident vs Nonresident Explained Clearly Why Your Tax Status Matters If you live, work, or even travel frequently to the U.S., your tax status is not just a formality—it directly affects how much tax you pay and what you need to report. Many people assume only U.S. citizens pay taxes,