Bukhari Tax Associates

05/07/2026

📢 FBR Update – Active Taxpayers List (ATL) Surcharge | Tax Year 2026
The Federal Board of Revenue (FBR) has introduced ATL Surcharge for taxpayers who are not included in the Active Taxpayers List (ATL).
Applicable Surcharge Amounts: ✅ Individuals – PKR 25,000 ✅ Associations of Persons (AOPs) – PKR 50,000 ✅ Companies – PKR 100,000
Being an Active Taxpayer not only helps you avoid additional surcharges but also allows you to benefit from lower withholding tax rates and maintain tax compliance.
If you have not filed your tax return yet, now is the time to become an Active Taxpayer and avoid unnecessary financial penalties.
📞 Need Professional Tax Assistance?
Syed Haider Ali
Tax Consultant
Bukhari Tax Associates
📱 03000319619
📧 [email protected]
📍 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad
Our Services: • Income Tax Returns
• NTN & ATL Registration
• Sales Tax & PRA Registration
• Company Registration (SECP)
• Bookkeeping & Accounting
• Trademark Registration
• Import/Export (PSW)
• Audit & Tax Consultancy
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19/06/2026

📢 Punjab Sales Tax on Services – Major Changes Proposed in Finance Bill 2026

The Punjab Revenue Authority (PRA) has proposed significant amendments to the Punjab Sales Tax on Services Act, 2012, aimed at strengthening compliance, broadening the tax base, and enhancing enforcement mechanisms.

🔹 Active Taxpayer Status (ATL)
• ATL status may be revoked after two consecutive missed returns.
• Non-ATL businesses may face restrictions on license renewals and government contracts.
• New registrants will receive a 6-month grace period.

🔹 Input Tax Adjustments
• Carry-forward limit proposed to reduce from 90% to 80% of output tax.
• Input tax on capital goods and machinery to be claimed over 12 monthly installments.
• Input tax from non-ATL suppliers may no longer be admissible.

🔹 Risk-Based Audits
• PRA will implement a risk register for taxpayer profiling.
• High-risk transactions may be selected for audit or verification.

🔹 Higher Penalties
• Failure to issue tax invoices:

- First Default: Rs. 500,000
- Subsequent Defaults: Rs. 1,000,000
• E-invoicing violations: Penalty up to Rs. 500,000.
• Criminal tax fraud threshold increased to Rs. 50 million.

🔹 Tax Rate Revisions
• Several service sectors proposed to increase from 5% to 8%.
• IT services: 8% on digital receipts, 16% otherwise.
• Event management services: 8% without input adjustment.
• Foreign exchange services proposed to be taxed at 3% of spread charges.

⚠️ Businesses are advised to review their compliance procedures, supplier verification systems, and invoicing practices to prepare for these proposed changes.

Note: These amendments are currently proposed under Finance Bill 2026 and are subject to final approval and notification.

📞 Bukhari Tax Associates
Syed Haider Ali – Tax Consultant
📱 03000319619
📧 [email protected]
📍 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad

15/06/2026

📢 تمام فائلرز اور معزز ٹیکس دہندگان کے لیے اہم اطلاع

اگر آپ فائلر ہیں لیکن اپنی سالانہ انکم ٹیکس ریٹرن بروقت جمع نہ کروانے کی وجہ سے آپ کا فائلر اسٹیٹس Inactive ہو چکا ہے، تو فوری توجہ دیں۔

حکومت کی جانب سے بجٹ 2026-27 میں پیش کی گئی تجاویز کے مطابق مقررہ تاریخ کے بعد Active Taxpayers List (ATL) میں شامل ہونے یا فائلر اسٹیٹس بحال کروانے کے لیے اضافی ATL سرچارج ادا کرنا پڑ سکتا ہے۔

✅ اگر آپ یکم جولائی 2026 سے پہلے اپنی انکم ٹیکس ریٹرن جمع کروا دیتے ہیں تو ممکنہ اضافی سرچارج سے بچ سکتے ہیں۔

⚠️ یکم جولائی 2026 کے بعد ریٹرن جمع کروانے کی صورت میں ایک فرد (Individual) کو 25,000 روپے ATL سرچارج ادا کرنا پڑ سکتا ہے، جس کے بعد ہی فائلر اسٹیٹس بحال ہوگا۔

لہٰذا تاخیر سے بچیں اور آج ہی اپنی ٹیکس صورتحال چیک کروائیں۔

📌 گھر بیٹھے اپنی ٹیکس ریٹرن فائل کروائیں اور ماہر رہنمائی حاصل کریں۔

بخاری ٹیکس اسوسی ایٹس
سید حیدر علی
ٹیکس کنسلٹنٹ

📞 0304-9794151
📞 0300-0319619

🏢 آفس نمبر 16، الحرمین پلازہ، بلاک A، فیصل ٹاؤن، اسلام آباد

📣 آج ہی رابطہ کریں اور بروقت ریٹرن فائل کر کے غیر ضروری جرمانوں، سرچارجز اور اضافی اخراجات سے بچیں۔

نوٹ: یہ ATL سرچارج بجٹ تجویز پر مبنی ہے۔ حتمی قانونی پوزیشن اور اطلاق کے لیے متعلقہ فنانس ایکٹ/ایف بی آر نوٹیفکیشن کی تصدیق کرنا مناسب ہوگا۔

07/06/2026

📢 Important Customs Update by FBR

The Federal Board of Revenue (FBR) has issued S.R.O. 918(I)/2026, introducing amendments to the Customs Rules, 2001 aimed at strengthening importer identification and improving integration between customs and tax systems.

🔹 Key Change in Cargo Declaration (IGM):
Two new mandatory data fields have been added:

✅ NTN or FTN – For importers required to obtain a National Tax Number or Free Tax Number.

✅ CNIC or Passport Number – For importers not required to obtain NTN or FTN.

📅 Effective Date: 15 August 2026

📍 Applicable at all Seaports and Border Customs Stations

✈️ Exemption: This amendment does not apply to IGMs filed at Airports.

⚠️ Shipping lines, clearing agents, importers, and trade stakeholders are advised to update their documentation and system configurations before the implementation date to avoid compliance issues.

For professional assistance regarding Customs, Taxation, NTN Registration, Import/Export Documentation, and FBR Compliance matters, contact:

Syed Haider Ali – Tax Consultant
Bukhari Tax Associates
📞 03000319619
📧 [email protected]
📍 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad

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02/06/2026

⚖️ BUKHARI TAX ASSOCIATES
Beyond Ordinary Tax Solutions

Looking for reliable tax and business consultancy services? We provide complete taxation, registration, compliance, and business support solutions under one roof.

✅ NTN / Filer Registration
✅ Income Tax Return Filing
✅ Sales Tax Registration & Returns
✅ PRA Registration & Compliance
✅ Sole Proprietorship Registration
✅ Partnership Firm Registration
✅ Company Registration (SECP)
✅ Trade Mark Registration
✅ Audit & Bookkeeping Services
✅ EPADS Registration
✅ Chamber of Commerce Membership
✅ Import & Export IDs (PSW)
✅ Tour & Travels License
✅ NGO Registration

We are committed to providing professional, transparent, and efficient services to individuals, businesses, startups, importers, exporters, and organizations across Pakistan.

Syed Haider Ali
Tax Consultant

📞 03000319619
📧 [email protected]
🏢 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad

Bukhari Tax Associates
Your Trusted Partner for Tax & Business Solutions.

SECPRegistration Trademark Bookkeeping Audit ImportExport PSW NGORegistration BusinessConsultancy Islamabad

02/06/2026

📢 High Sales Tax Rates May Be Driving Businesses Out of the Tax Net

Khurram Ijaz, General Secretary and former Vice President of FPCCI, has raised concerns over the decline in active sales tax registrations in Pakistan, warning that any increase in the standard sales tax rate from 18% to 19% could further expand the undocumented economy.

According to recent figures, active sales tax registrations reportedly declined from approximately 210,000 in April 2025 to around 189,000 in April 2026. Business leaders believe that high tax rates, complex compliance procedures, refund delays, and administrative challenges are discouraging businesses from entering or remaining within the documented economy.

Key concerns highlighted include:

✅ Declining number of active sales tax registrations
✅ Increased burden on compliant taxpayers
✅ Delays in sales tax refund processing
✅ Growth of the grey economy due to higher tax rates
✅ Need for simplified registration and compliance procedures

Business representatives have emphasized that sustainable revenue growth can be achieved through trust, transparency, taxpayer facilitation, and documentation, rather than relying solely on higher tax rates and enforcement measures.

At Bukhari Tax Associates, we believe that a balanced tax policy, simplified compliance procedures, and efficient refund mechanisms are essential for broadening the tax base and encouraging voluntary compliance.

📞 03000319619
📧 [email protected]
🏢 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad

Syed Haider Ali
Tax Consultant
Bukhari Tax Associates

PakistanEconomy BusinessCommunity TaxConsultant SyedHaiderAli Documentation TaxPolicy

02/06/2026

📊 MTO Karachi Exceeds Revenue Target – Positive Development for Pakistan’s Tax System
The Medium Taxpayers’ Office (MTO) Karachi has achieved an impressive milestone by collecting Rs. 27 billion against its assigned target of Rs. 25 billion for May 2026, surpassing the target ahead of schedule.
Key highlights:
✅ 29% growth in net tax collection compared to May 2025
✅ Income Tax collection increased to Rs. 14.10 billion
✅ Sales Tax collection reached Rs. 11.69 billion
✅ Sales Tax refunds of Rs. 5.45 billion issued to businesses and exporters
✅ Enhanced compliance, enforcement, and taxpayer facilitation contributed to the achievement
This strong performance by the tax authorities reflects the ongoing efforts of the Federal Board of Revenue to strengthen revenue mobilization while ensuring timely refunds to the business community.
At Bukhari Tax Associates, we remain committed to helping businesses and individuals stay compliant with tax laws and benefit from professional tax planning and advisory services.
📞 03000319619
📧 [email protected]
🏢 Shop No. 16, Al Harmain Plaza, Block A, Faisal Town, Islamabad
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27/05/2026

26/05/2026

🌙 Hajj Mubarak from Bukhari Tax Associates 🌙
May this sacred journey of Hajj bring peace, mercy, acceptance of prayers, and countless blessings for you and your loved ones.
May Allah Almighty grant prosperity, happiness, and endless rewards to all المسلمين. Ameen 🤲
لا إله إلا الله وحده لا شريك له، له الملك وله الحمد وهو على كل شيء قدير
“اللہ کے سوا کوئی معبود نہیں، وہ اکیلا ہے، اس کا کوئی شریک نہیں۔ بادشاہی اسی کی ہے، تمام تعریفیں اسی کے لیے ہیں، اور وہ ہر چیز پر کامل قدرت رکھنے والا ہے۔”