Tax Updates

🏛️ Published by: S&B Advisors and Consultants (Private) Limited ✍️ Author: Ms. Saima Morkas 📅 Date: May 07, 2026 An important development in constitutional and tax law took place when the Federal Constitutional Court (FCC) of Pakistan struck down the controversial Section 7E of the Income Tax Ordinance, 2001 as unconstitutional and void ab initio. […]

Published by: S&B Advisors and Consultants (Private) Limited Author: Ms. Saima MorkasDate: August 6, 2025 Definition & Purpose FBR integration is a regulatory requirement of a business’s transactional systems (POS, ERP, accounting software) with the Federal Board of Revenue’s central database. Its core objectives are:  – Real-time monitoring of sales, purchases, and tax liabilities  – Elimination of underreported/unreported

Published by: S&B Advisors and Consultants (Private) Limited Author: Ms. Saima MorkasDate: August 3, 2025 📌 Introduction Capital Value Tax (CVT) is a transaction-based tax imposed on the acquisition or transfer of capital assets. In Pakistan, CVT is levied under the Finance Act and administered by the Federal Board of Revenue (FBR), as well as provincial tax

Published by: S&B Advisors and Consultants (Private) Limited Author: Ms. Saima MorkasDate: July 31, 2025 In a significant move, the Federal Board of Revenue (FBR) has announced the suspension of the Digital Presence Proceeds Act Tax effective from July 1, 2025. This decision means that the Digital Proceeds Tax Act 2025 will no longer apply to