Federal Budget 2026-27: Government Favors Strict Enforcement Over New Tax Imposition
The federal government plans a tax-neutral budget for FY27, focusing on FBR enforcement and IT upgrades to recover Rs 780 billion instead of introducing new taxes.
FBR Imposes Heavy Fines for Non-Filing of 2025 Income Tax Returns
The Federal Board of Revenue (FBR) has announced stringent fines for individuals failing to file their 2025 income tax returns on time. The new penalties include daily fines and substantial reductions for late filers.