Islamabad (Pakistan News) The Finance Committee of the National Assembly has also approved the proposal to impose tax on income earned from social media in the fiscal year 2026-27.
According to the details, Federal Board of Revenue (FBR) officials said that if dollars come to the bank from YouTube, a withholding tax will be levied there, as the country’s earnings from social media are currently up to Rs 10 billion.
According to the FBR, a 5 percent withholding tax will be levied on social media income. In addition to this tax, the Finance Committee has also approved a proposal to abolish one percent advance tax on exporters.