Pakistan: Tax developments include PIACL default surcharge exemption, revised property valuation tables, and reduced ride-hailing sales tax
Tax developments also include updated guidance on draft tax returns, registration requirements, and electronic monitoring for key manufacturing sectors.
The federal government, Federal Board of Revenue (FBR), and Sindh Revenue Board (SRB) in May 2026 issued guidance including information on draft tax returns, sales tax changes, and customs area updates.
Read a June 2026 report prepared by the KPMG member firm in Pakistan for more information on the following:
- Exemption of default surcharge and penalties for Pakistan International Airlines Corporation Limited (PIACL)
- Draft electronic income tax return forms
- Enhanced requirements for registration of individuals and international nongovernmental organizations (NGOs)
- Revised property valuation tables for Lahore and Rawalpindi
- Mandatory electronic monitoring for key manufacturing sectors
- Sales tax return format change
- Reduced sales tax rate for ride-hailing services in Sindh
- Additional customs area for empty container storage