Tag: Finance Act 2026

State Bank Gains Access To Centralized Bank Transaction Data System To Report Transactions Above Rs100 Million

Income Tax Ordinance amendment lets SBP run a central data hub, requiring banks and EMIs to report transactions above Rs100 million for tax matching.

Banks And Electronic Money Institutions To Upload Large Transactions To Central Hub

FBR mandates banks and electronic money institutions to e-upload data on deposits and withdrawals above Rs100 million to a new Central Data Hub for tax matching.

The Taxman Goes Faceless: Inside Pakistan’s Biggest Audit Reform In Decades

The Finance Act 2026 rewires how Pakistan audits its taxpayers, replacing the visiting tax officer with an anonymous digital centre. Practitioners are wary, and India’s experience shows why the execution will matter more than the intent.

Khyber Pakhtunkhwa Government Mandates Cashless Channels for All Government Receipts by September

The KP provincial government transitions to a fully digital payment infrastructure to enhance revenue collection and public transparency.