FBR
Budget 26-27: 9% surcharge above PKR 10M scrapped
The Finance Bill 2026 abolishes the 9% surcharge previously levied on individuals earning above PKR 10m a year, a major relief for senior salaried professionals. The change rolls back a Finance Act 2025 measure introduced just twelve months ago.
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About Federal Board of Revenue (FBR)
Pakistan's federal revenue authority. It administers income tax, sales tax, and customs, and runs the IRIS e-filing portal where individuals and companies file their annual returns.
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