Sindh Finance Act 2026 Imposes Strict Penalties on Non Compliant Invoicing Software Developers
The Sindh government introduces heavy financial penalties under the Finance Act 2026 for developers creating software that violates provincial sales tax rules.
Federal Government Enforces Digital Scrutiny of High Value Bank Accounts to Combat Tax Under Reporting
Under the newly enacted Finance Act 2026, banking institutions must report accounts exceeding one hundred million rupees for automated algorithmic cross matching.
FBR Moves Consumer Goods to Third Schedule to Curb Tax Evasion
The Federal Board of Revenue plans to bring 20 consumer goods categories under the Third Schedule of the Sales Tax Act to secure billions in revenue.
FBR Lifestyle Monitoring Cell Flags High-Spending Taxpayers With Minimal Declared Income for Enforcement Action
The FBR’s Lifestyle Monitoring Cell has flagged individuals displaying extravagant lifestyles while declaring unusually low income, forwarding cases to headquarters and regional tax offices for enforcement amid rising pressure to meet revenue targets.
FBR Launches Nationwide Crackdown on Tax-Evading Jewellers to Broaden Fiscal Net
The Federal Board of Revenue (FBR) has launched a nationwide crackdown on tax-evading jewellers, targeting thousands operating outside the tax net. Notices have been issued across major cities as the authority works to broaden Pakistan’s tax base and enforce fiscal compliance.