Budget 2026-27: Senate committee approves 5% tax on social media income
• 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 continued their review of proposals
A parliamentary committee has approved a 5% tax on income earned through social media platforms, both locally and internationally. The decision comes as part of the ongoing review of the Finance Bill 2026. The move highlights the increasing importance of social media as a source of income for content creators and online entrepreneurs. The Senate Standing Committee on Finance reviewed the taxation framework and supported its implementation. The National Assembly committee also requested detailed revenue and relief estimates to evaluate economic effects. Some members expressed concerns that the tax might deter foreign investment and reduce incentives for digital workers. The FBR emphasized that social media earnings should be taxed similarly to other income sources. Earnings under Rs600,000 would be exempt, while those between Rs600,000 and Rs1.2 million would face a 5% tax. The government also mentioned plans to gradually eliminate the super tax.
The tax aims to expand the tax base and address the economic impact of digital income sources.
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