KARACHI: The Karachi Tax Bar Association KTBA successfully held its Post-Budget Seminar 2026–2027 on Monday, June 15, 2026, at the Pearl-Continental Hotel, Karachi. The event gathered tax professionals, FBR officials, and business leaders to analyze the Finance Bill 2026 and its impact on taxpayers and Pakistan’s economy.
Mr. Zubair Bilal, Member Inland Revenue - Operations, Federal Board of Revenue FBR, attended as Chief Guest. He outlined FBR’s operational roadmap for FY 2026–2027, focusing on base expansion, simplified compliance, and technology-driven transparency to improve tax collection.
The seminar featured two major technical sessions on the Finance Bill 2026. M. Raza, partner A.F. Ferguson presented “Finance Bill 2026: Indirect Taxation – Sales Tax” and detailed key amendments in sales tax law. He covered new registration thresholds, revised input tax adjustment rules, changes in reduced/special rate schedules, and tighter documentation for supply chains. Raza stressed that manufacturers, distributors, and retailers must upgrade invoicing and record-keeping to meet new compliance standards.
Khalid Mahmood, Partner at KPMG, delivered the second presentation on “Federal Budget - Finance Bill 2026: Income Tax”. The session focused on major income tax changes proposed in the budget, including revised tax slabs for salaried individuals, adjustments in withholding tax rates, new provisions for capital gains, and stricter documentation requirements for non-filers. Mahmood highlighted how these changes will affect individuals, SMEs, and corporate taxpayers, and suggested planning steps to manage higher compliance burden in FY 2026–2027.
KTBA also hosted three Guests of Honour. Mr. Shabih ul Aijaz, Chief Commissioner Inland Revenue, Large Taxpayers’ Office Karachi, discussed audit priorities and enforcement under the new budget. Mr. Abdul Qadir Memon, Chairman PTBA Academy of Taxation and Former President PTBA, spoke on practical challenges for tax advisors. Dr. Zeelaf Munir, Chairperson Pakistan Business Council, urged for stable, predictable tax policy to support business growth and investment.
The interactive Q&A section became a key highlight as tax lawyers, CAs, and corporate heads engaged directly with FBR officials. Discussions covered FBR’s new algorithm-based settlement mechanism for dispute resolution, the growing role of AI in tax audits and risk profiling, and stricter penalty regimes introduced in Finance Bill 2026. Speakers stressed that digital monitoring and automated compliance checks will shape enforcement in FY 2026–2027.
KTBA Hon. General Secretary Shams Mohiuddin Ansari concluded the event by thanking all guests and participants. He reaffirmed KTBA’s role as a bridge between taxpayers and policymakers to ensure budget proposals translate into fair, transparent, and growth-oriented tax administration.
With the FY 2026–2027 proposes budget will in effect after few amendments, the seminar provided much-needed clarity for professionals and businesses navigating new tax laws, compliance deadlines, and FBR’s digital initiatives.
