ISLAMABAD — The Institute of Cost and Management Accountants of Pakistan (ICMA) has proposed a range of new levies for the 2026-27 budget aimed at expanding the country’s tax base, formalising emerging sectors, and promoting sustainable development.
Key proposals include a Digital Services Tax targeting streaming platforms, gaming, mobile apps, and other online media, alongside a licensing and 2% tax on online gaming operators to regulate previously informal activity. A corporate advertising levy for businesses with turnover above Rs100 million is also suggested to boost transparency and public revenue.
On real estate, ICMA recommends an Additional Residential Property Tax (ARPS) for second homes worth Rs20 million and above, while promoting efficiency in infrastructure through nationwide adoption of Building Information Modelling (BIM). Incentives for green buildings, a Commercial Building Safety Levy, and EV charging tax relief are proposed to encourage sustainable construction and clean energy adoption.
Environmental measures include a Landfill Disposal Tax, a Progressive Carbon and Pollution Levy, a Green Transport Levy, and a Carbon Market Levy to support pollution reduction, climate-friendly industrial practices, and low-carbon mobility.
Other initiatives target financial markets, retail compliance, and windfall gains, including a Financial Transaction Tax, National Consumer Receipt Lottery, and temporary Windfall Gains Tax on extraordinary profits in key sectors.
ICMA says these measures are designed to strengthen fiscal resources, formalise informal sectors, and align Pakistan’s tax policies with international best practices.
