Pakistan's Finance Division has published the Finance Bill which gives effect to the financial proposals of the Federal Government for the fiscal year beginning 1 July 2026 and, unless otherwise provided, will come into force on 1 July 2026.
The main proposed income tax measures include the following:
- A reduction in the tax rates for salaried individuals through a restructuring of the tax slabs, including an increase in the income threshold for the top 35% rate from PKR 4.1 million to PKR 7…