📊 FEDERAL BUDGET 2025–26 (PAKISTAN)
💼 TAX SUMMARY (PROFESSIONAL OVERVIEW)
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🧾 1. INCOME TAX (DIRECT TAXES)
👤 Salaried Individuals Relief:
• No tax up to Rs. 600,000
• 1% → Rs. 600k – 1.2m
• 11% → Rs. 1.2m – 2.2m
• 23% → Rs. 2.2m – 3.2m
✔ Middle class ko significant relief
🏢 Corporate / High Income:
• Surcharge reduced → 10% ➝ 9% (Income > Rs. 10m)
• Super Tax slight reduction (0.5%)
✔ Large businesses ko minor relief
🏠 Property & Capital Gains:
• Withholding tax structure revised
• Non-filers (purchase) → relief
• Late filers (sale) → higher tax
✔ Documentation strongly enforced
📡 Tax Base Expansion:
• Utility bills data integration
• Travel & lifestyle monitoring
• Digital transactions tracking
✔ Undeclared income detection focus
🆕 New Taxes Introduced:
• Digital Presence Proceeds Tax
• Carbon Levy
• New Energy Vehicles Levy
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🧾 2. SALES TAX (INDIRECT TAXES)
🛒 E-Commerce Sector:
• Proper legal definition introduced
• Online sellers brought into tax net
• WHT on COD & online payments
✔ Undocumented sellers targeted
🚚 Cargo Tracking System:
• Digital goods tracking system
• e-Bilty implementation
✔ Anti-evasion mechanism strengthened
⚖️ Enforcement & Registration:
• Sales tax registration expanded
• Best judgment assessments allowed
• Assessment time → 120 ➝ 180 days
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🧾 3. WITHHOLDING TAX (WHT)
• Property transaction tax revised
• Profit on debt adjustments
• Strict measures for non-filers
✔ ATL compliance strongly enforced
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📊 4. TAX STRUCTURE (FY 2025–26)
• Income Tax → 49%
• Sales Tax → 34%
• FED → 6%
• Customs → 11%
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🎯 5. POLICY DIRECTION
✔ Documentation of economy
✔ Digitalization & system integration
✔ Relief for salaried class
✔ Strict action against non-filers
✔ Expansion of tax base
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💡 6. PRACTICAL IMPACT (FOR CLIENTS & CONSULTANTS)
• Increased compliance burden
• High demand for tax consultancy
• Growth in e-commerce taxation
• ATL advisory becomes critical
• Property tax planning essential
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📞 M. Shafiq & Co.
Tax Consultants & ERP Experts