SuperNews 2-6-2026 (Judgments – Pre-Budget Consultations – Fin Bill Proposals & Expectations – Tax Refunds – Provincial Budgets – Rulings and Directions – FTO – NTP 25-30 – GSP)

The following topics can be found in their own Tax Law posts:

1.      FCCP Judgment [FCPLA 202 to 204, 442 & 587 -26] AFR 4-5-2026 VS CIR LTU Order – Sec 3(1A) ST Act – Addl Tax – Supply of Poultry Feed to Farmers – 6th Sch Exemption – 2021 PTD 1608 – Allowed

2.      FTO Order [1648 -26] AFR 29-5-2026 Invocation of Sec 175C ITO against Hospital – Determination of Tax Liability SOUGHT after Voluntary Deposit of Amount during Monitoring Proceedings – Direcs Issued

3.      FBR Notification dt 1-6-2026 Additional Responsibility

The following topics are included in the given attachment:

4.      BUSINESS LEADERS, PM SHEHBAZ IN PRE-BUDGET CONSULTATIONS

5.      PM ORDERS CLEARANCE OF TAX REFUNDS BY JUNE 15: BUSINESS DELEGATION SECURES EXPORT REFINANCE RATE AT 4.5% UNTIL 2027, PRAL HEAD OFFICE MOVED TO KARACHI

6.      FEDERAL BUDGET FY2026–27: GOVT TO SLASH POWER SECTOR SUBSIDIES BY AROUND 20PC

7.      TOBACCO TAXATION REGIME: FED COLLECTION IN FY2025-26 TRIGGERS FRESH DEBATE: WHO POLICY

8.      PTC FOR COMPETITIVE BUDGET STEPS TO REVIVE EXPORTS & INDUSTRIES

9.      STEEL MELTERS FOR ABOLISHING WHT ON LOCAL SCRAP PURCHASES

10.   CRYPTOCURRENCY TRANSACTIONS LIKELY TO BE TAXED

11.   GOVT PLANS TO TAX CRYPTOCURRENCY TRANSACTIONS IN BUDGET 2026-27; HOW WILL THEY DO IT – A CAPITAL GAINS TAX ON CRYPTO TRANSACTIONS IS UNDER CONSIDERATION, BUT HOW EXACTLY WILL IT BE IMPLEMENTED

12.   BUDGET 2026-27: FREELANCERS CALL FOR CONTINUED TAX RELIEF ON FOREIGN EARNINGS

13.   BUDGET PROPOSALS SUBMITTED: GOVT SHOULD REDUCE GST RATE UP TO 15PC: UBG

14.   BUSINESS COMMUNITY CONCERNED FEDERAL BUDGET

15.   ‘NEXT BUDGET MAY CREATE MORE DIFFICULTIES FOR TRADERS’

16.   TAXING DIVIDENDS TWICE: BR EDITORIAL

17.   WHEN TAXES PUNISH FORMAL BUSINESSES – BR EDITORIAL

18.   PUNJAB BUDGET NEARS FINAL STAGE AHEAD OF JUNE 8: RS6TR OUTLAY EXPECTED WITH MAJOR FOCUS ON DEVELOPMENT, DIGITAL TRANSFORMATION

19.   ADVISER TO KP CHIEF MINISTER ON FINANCE EXPECTS NO GOOD NEWS IN FEDERAL BUDGET

20.   POULTRY FARMERS EXEMPT FROM PAYMENT OF SALES TAX UNDER RELEVANT LAW: FCC

21.   ITO DOES NOT INDEPENDENTLY AUTHORISE COERCIVE RECOVERY OR COLLECTION OF TAX: FTO

22.   TAXPAYER HARASSMENT: ‘FBR OFFICIALS SYSTEMATICALLY MISUSE POWERS’

23.   NTP 2025–30: ALL TARIFF RATIONALISATION REQUESTS TO BE ROUTED THROUGH TPB FIRST

24.   EUROPEAN UNION OUTLINES NEW GSP+ TERMS

25.   PM HIGHLIGHTS SIGNIFICANCE OF GSP+ PROGRAMME

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