In a significant move, the amended Finance Bill 2025–26 has abolished the withholding tax on the sale of immovable property used as a personal residence for 15 years or more, effective July 1. This change comes on the recommendation of the National Assembly Finance Committee and aims to provide relief to long-term property owners.

Additionally, the Federal Board of Revenue (FBR) has incorporated Senate-proposed safeguards to ensure that arrests in tax fraud cases are conducted with due process. The bill also withdraws a proposed 3 percent Federal Excise Duty (FED) on property transfers, further easing the financial burden on property transactions.

In a related development, the bill introduces a new Energy Vehicles Adoption Levy on internal combustion engine vehicles, expected to generate approximately Rs. 10 billion. While hybrid vehicles are currently not exempt from this levy, the finance committee has urged the FBR to consider their exclusion.

Moreover, a major customs amendment reversing the tax-free import of courier parcels valued up to Rs. 5,000 has been enacted. Starting July 1, only gift parcels valued at Rs. 1,000 or less will be exempt from duties. The FBR has also reduced the de-minimis limit to Rs. 500 to combat under-invoicing abuses.

To enhance regulatory clarity, a new clause has been added to block late and false ownership claims on confiscated goods. The Customs Department will issue regulations to protect importers facing clearance delays beyond their control, allowing customs collectors to waive penalties in such cases.