BUDGET 2026-27: Senate Panel Backs 5pc Tax on Earnings From Social Media

BUDGET 2026-27: Senate panel backs 5pc tax on earnings from social media

• Govt signals gradual end to super tax• State minister says target of bringing 3.5m retailers into tax net in one year ‘unrealistic’• NA panel seeks detailed estimates of revenue generation, relief measures to assess their overall economic impact ISLAMABAD: A parliamentary committee on Monday approved a five per cent tax on earnings generated through social media platforms by both local and foreign digital content creators, as lawmakers continu…

Government Proposes Tax on Social Media Earnings

The federal government has proposed a 5% withholding tax on income earned by social media influencers through digital platforms, with banks and financial institutions responsible for deducting the tax at the time of payment or account credit. The federal government has proposed a 5% withholding tax on income earned by social media influencers through platforms such as YouTube, Facebook, Instagram, TikTok, X, and other digital content-sharing ser…

Senate Panel Approves 5% Withholding Tax on Social Media Income

The Senate Standing Committee on Finance and Revenue has approved a proposal to impose a 5 percent withholding tax on specified categories of social media income, as part of its ongoing review of the Finance Bill 2026. The committee, chaired by Saleem Mandviwalla, continued its clause-by-clause examination of the Finance Bill and related amendments to […] The post Senate Panel Approves 5% Withholding Tax on Social Media Income appeared first on …

Senate Committee Approves 5% Withholding Tax on Social Media Earnings Above Rs 600,000

Copyright protected content copied from PhoneWorld website. The Senate Standing Committee on Finance has approved a proposal to impose a 5% withholding tax on income earned through social media. The proposal was approved during a meeting chaired by Senator Saleem Mandviwalla, where Federal Board of Revenue Chairman Rashid Mahmood Langrial briefed lawmakers on the plan. Langrial said a large number of people were now earning through social media …