Latest updates for Fbr Tax Proposal
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Recent items include:
- FTO recommends FBR protocol to harmonise implementation of tax recommendations
- Treasury Previews Regulatory Framework for New Section 25F Education Freedom Tax Credit
- PTA Mobile Tax Installment Plan Proposed in Pakistan as NA Committee Directs FBR Review
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Treasury Previews Regulatory Framework for New Section 25F Education Freedom Tax Credit
“Treasury Previews Education Freedom Tax Credit Guidance,” US Department of Treasury Release, June 10, 2026 In a significant move toward implementing the educational provision...
PTA Mobile Tax Installment Plan Proposed in Pakistan as NA Committee Directs FBR Review
The National Assembly Standing Committee on Finance and Revenue has directed the Federal Board of Revenue (FBR) to explore the possibility of allowing installment payments for PTA...
What Are the Proposed Tax Changes in Pakistan FY26 Finance Bill?
The federal government has proposed a wide-ranging set of tax reforms in the Finance Bill 2025–26, introducing changes to income tax slabs for salaried individuals, property transa...
Traders back govt's simplified tax scheme
One-page Urdu return, Rs25,000 minimum tax, exemption from audit proposed
Arizona HB 4168: Title 43 Income Tax Overhaul Aligned with the One Big Beautiful Bill Act (OBBBA)
HB 4168, June 13, 2026 (Signed by Governor Hobbs) On June 13, 2026, Governor Hobbs signed HB 4168 into law, enacting a comprehensive update to Arizona’s individual and corpora...
Is the European Commission’s Tax Omnibus Proposal a Step in the Right Direction?
The European Commission’s new Tax Omnibus proposal marks a notable step towards improving the simplicity and competitiveness of the EU Single Market.
Jeff Bezos's tax proposal: Some Americans should pay zero federal income tax
FBR Launches Crackdown on Non-Filers Showing Luxury Lifestyles on Social Media from July 1
The Federal Board of Revenue (FBR) has finalized plans for a nationwide crackdown on non-filers who display lavish lifestyles on social media while remaining outside Pakistan’s tax...
Pakistan Announces Fixed Tax Scheme for Small Shopkeepers – 1% Tax Plan Introduced for Small Traders
The federal government of Pakistan has officially announced a Fixed Tax Scheme for small shopkeepers and retailers, aiming to simplify the tax system for small businesses and expan...
Tax Professional Alert: IRS Proposes Increase to Estate Tax Closing Letter User Fee
REG-103193-26, June 1, 2026 The Internal Revenue Service (IRS) has issued a notice of proposed rulemaking (REG-103193-26) that will directly impact tax practitioners and exe...
A Few Problems with Targeting Energy Companies with a Stock Buyback Tax
Introduced by Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO), The Taxing Buybacks from Big Oil Windfalls Act would raise the stock buyback excise tax from...
FBR Offices to Remain Open on Weekend for Year-End Tax Collection – Full Details
As the fiscal year draws to a close, the Federal Board of Revenue (FBR) has announced that its offices across Pakistan will remain open even on holidays to ensure smooth collection...
Govt Proposes 5% Withholding Tax on Social Media Income
ISLAMABAD: The federal government has proposed a 5% withholding tax on revenues earned by social media influencers from platforms such as YouTube, Facebook, Instagram and TikTok. T...
Budget: need for simplified taxation
Fragmented taxation structure functions like internal customs barriers
IRS eases proposed sovereign wealth fund tax rules
New guidance provides transition relief, grandfathering protection and delayed implementation for taxing income of foreign governments investing in U.S. businesses.
New Tax Rule: Banks Must Report Transactions of Rs100 Million or More to FBR
The federal government has introduced a major tax compliance measure under the Finance Act 2026, requiring banks and financial institutions to report high-value banking transaction...
Small traders face new tax push
As the federal government introduces another simplified tax system for retailers, skepticism grows over implementation
A New Bill Proposes Tax-Free Savings for Homeownership—Here’s How It Could Help Prospective Investors
In the quest to boost homeownership, a new bill has been floated that could gain enough bipartisan support to take flight: a tax-free homeownership savings account. For potential i...
What Pennsylvania’s Digital Ad Tax Proposal Would Actually Do
Pennsylvania lawmakers are looking to impose the Commonwealth’s existing telecom gross receipts tax (GRT) on companies providing digital advertising services in Pennsylvania.
2026-2027 Fiscal Year: Tax and Financial Measures
This document outlines proposed changes and continuations of tax policies and financial incentives for the 2026-2027 fiscal year. Key Changes and Reductions: Incentives for Busines...
The Application of New Section 68 to Trusts and Estates: Analyzing JCT Footnote 102 and Unresolved Ambiguities
IRC §68 as amended by the One Big Beautiful Bill Act, July 4, 2025 The One Big Beautiful Bill Act (OBBBA) fundamentally reshaped Section 68 by replacing the suspended Pease limitat...
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