Islamabad: The Federal Board of Revenue (FBR) has officially begun preparations for Pakistan’s 2026–27 fiscal year budget by inviting tax proposals from its field formations and other relevant authorities.
The FBR has requested recommendations for amendments to customs laws by February 10, issuing formal letters to Chief Collectors and Directors General. All submissions are expected to include the name of the field formation, proposed measures, justification for the suggested amendments, and an assessment of their potential impact on revenue collection.
Meanwhile, a Tax Policy Office has been established within the Ministry of Finance to assist in the preparation of tax proposals. The office will supervise the formulation of the new fiscal year’s budget, ensuring a structured and coordinated approach to tax and policy recommendations.
The FBR’s initiative is part of the broader budget preparation process, aimed at streamlining revenue collection and implementing effective tax policies for the upcoming fiscal year.
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