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FBR to Begin Accepting 2026 Income Tax Returns from July 27

FBR to Begin Accepting 2026 Income Tax Returns from July 27

The Federal Board of Revenue (FBR) has officially announced that the filing of Income Tax Returns for Tax Year 2026 will commence on Monday, July 27, 2026, urging taxpayers across Pakistan to submit their returns accurately and within the prescribed timeline. In its latest statement, the tax authority emphasized the importance of honest and transparent…

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Business

Government Abolishes Capital Value Tax on Financial Assets in Major Relief Measure

Government Abolishes Capital Value Tax on Financial Assets in Major Relief Measure

The federal government has announced the abolition of the Capital Value Tax (CVT) on financial assets as part of its broader strategy to simplify the tax system, encourage documentation, and provide relief to investors and taxpayers. The decision was unveiled during the FY2026-27 budget presentation, with officials stating that the removal of the tax is…

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