TAXWORK Insights
Tax, explained by practitioners.
Plain-language guides on Pakistan income tax, sales tax, SECP and FBR notices, plus dated updates from the regulators, with links to the source.
What the new budget means for your salary
Lower rates in the middle bands and no surcharge at the top. Here's the full slab table and a quick example.
Read guide →Filer or non-filer: what it costs you in 2026-27
Non-filers pay double or more on bank profit, dividends, property and cars. Getting on the ATL usually pays for itself.
Read guide →Buying or selling property this year
Advance tax for filers was halved in the budget. Here's what buyers and sellers pay and what to keep on file.
Read guide →SMC, private limited or LLP: which should you register?
A quick comparison of the three most common structures and what SECP needs from you.
Read guide →Got an FBR notice? What to do in the first 48 hours
Most notices have short deadlines. Don't ignore one, and don't reply without checking your records.
Read guide →No guide matches yet. Ask us on WhatsApp and we may write it next.
Live from the regulators
Latest from FBR and SECP
Dated summaries in plain words, each linked to the original notice or report.
- 15OctFBR
Return deadline for tax year 2026 extended again, to 31 October
FBR has moved the deadline for individuals and AOPs from 15 October to 31 October 2026, the second extension this season, after requests from trade bodies and tax bars and IRIS slowdowns. About 6.9 million returns had been filed by then.
Read the source ↗ - 14OctFBR
Field offices told to meet the business community regularly
The FBR Chairman directed field formations to hold regular meetings with chambers and traders to resolve their tax concerns.
Read the source ↗ - 14OctSECP
SECP sets up a Corporate Intelligence Unit
The new unit monitors news, social media and online ads to spot Ponzi schemes, unlicensed lending and companies working outside their approved business, before complaints come in.
Read the source ↗ - 13OctSECP
Sanctions-screening guidebook for regulated entities
SECP issued a guidebook on screening customers and beneficial owners against sanctions lists, freezing assets of designated persons and reporting matches on time.
Read the source ↗ - 1OctFBR
First-quarter collection target met
FBR collected about Rs 3.07 trillion in July–September 2026 against a target of Rs 3.05 trillion; September alone brought in over Rs 1.34 trillion.
Read the source ↗ - 30SeptFBR
Rs 9.41 billion wealth statement fraud uncovered
FBR registered a money laundering case after finding a large mismatch in a wealth statement. Keep your wealth statement reconciled with your income and bank records.
Read the source ↗ - 30SeptFBR
Return deadline for tax year 2026 extended to 15 October
FBR used section 214A to move the deadline for individuals and AOPs from 30 September to 15 October 2026. A fake circular had circulated hours earlier; rely only on FBR's own channels.
Read the source ↗ - 29SeptFBR
Special tax scheme for small shopkeepers begins
The scheme for small retailers has entered its first implementation phase. Shopkeepers should register and file through the simplified (Asaan Tajir) route.
Read the source ↗
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