ISLAMABAD: The Federal Board of Revenue (FBR) has urged individuals and associations of persons to complete Tax Year 2026 filing by September 30, warning that non-filers face substantially higher taxes on major transactions.
FBR’s published due-date schedule sets September 30 as the return deadline for individuals and associations of persons (AOPs). Companies generally have until December 31, while companies with a special tax year also face a September 30 deadline.
In an awareness advisory, FBR illustrated the cost difference with several transactions. A PKR 50 million property purchase would attract PKR 625,000 advance tax for an ATL buyer compared with PKR 5.25 million for a non-filer under current rates. Under the current Finance Act 2026 rules, the filer rate under Section 236K is 1.25%, while the non-filer rate starts at 10.5%.
For a PKR 30 million vehicle above 3,000cc, current Section 231B rates translate to PKR 3.6 million for an ATL buyer and PKR 10.8 million for a non-ATL buyer, a PKR 7.2 million difference.
FBR’s example also shows PKR 5 million in bank-deposit profit attracting PKR 1 million withholding tax for an ATL taxpayer and PKR 2 million for a non-filer, reflecting current rates of 20% and 40%.
For an individual or AOP receiving PKR 6 million in annual property rent, withholding amounts to PKR 1.155 million for a filer and PKR 2.31 million for a non-filer under the applicable rental-income slabs.
Read: Exporter Super Tax Exemption: FBR Sets 80% Turnover Test
Taxpayers can file through FBR’s IRIS system or the Tax Asaan mobile application. FBR lists its national helpline as 051-111-772-772 and its taxpayer-support email as helpline@fbr.gov.pk.
