FBR Introduces 5% Tax on Social Media Income for Tax Year 2027
The Federal Board of Revenue (FBR) has introduced a new 5% withholding tax on qualifying income received from social media…
New Tax on Life Insurance Payouts in Pakistan: What You Need to Know
The Federal Board of Revenue (FBR) has introduced a new tax framework for certain life insurance and family takaful payments…
FBR Introduces Super Tax Exemption for Qualifying Exporters from Tax Year 2027
The Federal Board of Revenue (FBR) has introduced significant changes to Pakistan’s super tax framework, including a complete super tax…
FBR Requires Banks to Report High-Value Account Data Above Rs100 Million
Pakistan’s tax administration is moving towards greater digitalisation with new measures aimed at improving tax compliance and identifying significant discrepancies…
Streamlining Digital Invoicing in Pakistan: Key Takeaways from STGO No. 01 of 2026 (IR Operations)
Pakistan’s tax system is rapidly moving toward digitization, and the latest directive – Sales Tax General Order (STGO) No. 01…
Pakistan Sales Tax Schedule 2025–26 – Complete Guide to GST Rates, Schedules & Updates
Understanding the sales tax system in Pakistan is essential for businesses, importers, exporters, and e-commerce sellers. With the latest updates…
FBR Draft Amendments 2026: Mandatory POS Integration & What It Means for Businesses in Pakistan
Legal Analysis & Compliance Guide by Xact Legal, Lahore Pakistan’s tax landscape is undergoing another major digital shift. The Federal…
PRA Circular No. 1 of 2026: Mandatory RAAST QR Code Payments for Punjab’s Service Sector
On January 23, 2026, the Punjab Revenue Authority (PRA) issued Circular No. 1 of 2026 (No. PRA.Circulars-32-24/1276), introducing a significant…