Blog articles tagged with Section 160

Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Closing the 0.7% GDP Tax Gap: FBR’s Enforcement Strategy for the Transport Sector (FY27)

The Policy Shift: Why Transport Sector Compliance is Now a Priority The Federal Board of Revenue (FBR) has identified a...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

The 1.1% GDP Tax Gap: Why FBR’s POS Integration Deadlines Are Now Critical Compliance Risks

The Anatomy of the Retail Tax GapRecent economic data suggesting a tax gap equivalent to 1.1% of GDP has placed the reta...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

FBR 42-Industry Audit Drive: Risk Management and Taxpayer Rights

The 42-Industry Audit Drive: Overview and Context The Federal Board of Revenue (FBR) has intensified its enforcement man...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

IMF Performance Benchmarks and FBR Autonomy: Navigating the New Tax Compliance Era

The Shift Toward Performance-Linked Accountability The recent alignment between the International Monetary Fund (IMF) an...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

FBR Revenue Shortfalls: Fiscal Outlook and Regulatory Implications for Businesses

The Revenue Gap and Corporate Compliance The Federal Board of Revenue (FBR) is currently facing significant pressure reg...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

9% Surcharge on High-Income Earners under Finance Act 2025: Analysis and Compliance Risks

The Shift in Fiscal PolicyThe Finance Act 2025 has introduced a significant shift in the taxation of high-income individ...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Finance Act 2025: New Section 236 Collection Points and Withholding Compliance

Overview of Expanded Withholding Obligations The Finance Act 2025 has introduced significant amendments to the Income Ta...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Withholding on Ride-Hailing and Gig Platforms: Finance Act 2025 Extension to Digital Marketplaces

The Expanding Scope of Withholding Obligations The Finance Act 2025 has introduced significant shifts in the tax landsca...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Finance Act 2025: Decoding the Amendments to Section 7E After High Court Rulings

The Legislative Landscape of Section 7ESection 7E of the Income Tax Ordinance (ITO), 2001, has remained the focal point...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Section 153 Rate Revisions: Updated Withholding Tax Schedule for July 2025

Overview of Section 153 Obligations Section 153 of the Income Tax Ordinance, 2001, remains the cornerstone of withholdin...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Section 88 Amendment: Restricting FBR Discretion on Input Tax Adjustments

The Shift in Input Tax Regulation For years, taxpayers in Pakistan have grappled with the wide, often arbitrary discreti...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Section 37A Capital Gains on Securities: Navigating New Holding Periods for Traders

The Shift in Capital Gains Taxation for Securities Recent legislative amendments to Section 37A of the Income Tax Ordina...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Finance Act 2025: Courier Services as Mandatory Withholding Agents for E-Commerce

The Shift in Withholding Responsibility The Finance Act 2025 has introduced a pivotal shift in the fiscal landscape for...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

50% Disallowance on Large Cash Sales: Navigating Section 21 of the Income Tax Ordinance 2001

The Shift in Cash Transaction Compliance Under the Finance Act 2025, the Federal Board of Revenue (FBR) has tightened th...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Section 21 Disallowance: Navigating the 10% Penalty on Purchases from Non-NTN Holders

The Compliance Imperative: Section 21(l) Explained For business owners and corporate entities in Pakistan, maintaining a...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Section 182 Penalty Slab Revision: Compliance Implications Under Finance Act 2025

The Shift in Tax Enforcement The Finance Act 2025 has introduced critical revisions to Section 182 of the Income Tax Ord...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Finance Act 2025: Analysis of Income Tax Slab Changes for Taxpayers in Pakistan

Legislative Overview of Finance Act 2025The Finance Act 2025 introduces critical adjustments to the income tax regime un...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Dividend Tax Cascading: Addressing Inter-Corporate Withholding Tax Reforms in Pakistan

The Challenge of Dividend Cascading in Pakistan In the current fiscal framework, Pakistan’s tax regime imposes a signifi...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Non-Filer Crackdown in Budget 2026-27: Regulatory Shifts and Compliance Risks

The Evolving Compliance Landscape The Budget 2026-27 marks a definitive shift in the Federal Board of Revenue's (FBR) st...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Budget 2026-27 PSDP Priorities: Analyzing the Rs. 1.1 Trillion Development Spend vs. Tax Relief Trade-Off

Fiscal Direction for 2026-27The proposed Public Sector Development Program (PSDP) of Rs. 1.1 trillion for the fiscal yea...

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Tagged: Section 160

05

Jun 2026

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Jun 05, 2026 | 5 min read

Petroleum Levy Rs. 1.727 Trillion Target in FY27: Legal Framework and Business Impact

The Fiscal Context of the Petroleum Levy The federal government's ambition to reach a Petroleum Levy (PL) target of Rs....

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