FBR The Truth About Pakistan’s New Cash Transaction Rule: No 20.5% Tax. Myth: “FBR imposed 20.5% tax on cash transactions over Rs. 200,000!”Fact: Zero new tax exists. Instead, a documentation measure under Section 21(s) disallows 50% of business expenses linked to cash sales exceeding Rs. 200,000 per invoice . Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial confirmed: *“This is […]
Pakistan Tax Slabs 2026: Complete Guide for Salaried, Business & Property Owners. The Federal Budget 2025–26 has brought several important changes to tax rates and slabs in Pakistan. These changes affect salaried individuals, businesses (AOPs), companies, property owners, importers, and even digital service users. In this blog, we explain the updated tax slabs in simple […]
FBR E-Invoice FBR’s New E‑Invoicing Requirement: A Complete Guide. On April 22, 2025, the Federal Board of Revenue (FBR) issued S.R.O. 709(I)/2025, mandating all corporate taxpayers in Pakistan to switch from paper or PDF invoices to digital (electronic) invoicing as of May 1, 2025. This change is designed to boost transparency, speed up tax collection, and curb fraud. Who Must […]
Income Tax Updates Oman Makes History: First Gulf Country to Introduce Personal Income Tax –. A Tax Revolution in the Gulf On June 23, 2024, Oman shattered a decades-old regional precedent by announcing the Gulf’s first personal income tax. As a chartered accountant and tax legal advisor with 15+ years navigating Gulf financial reforms, I’ve […]
Pakistan Budget 2025–26: In-Depth Economic Review and Tax Law Amendments Explained. Pakistan’s Finance Minister unveiled the Budget 2025–26 on June 10, 2025, amid signs of global stabilization and strong macroeconomic performance at home. This blog unpacks every section—from the global economic backdrop to line-by-line tax code changes—so that business owners, investors, and concerned citizens gain […]
