BUDGET 2026-27: Senate panel backs 5pc tax on earnings from social media (opens original article in a new tab)

A parliamentary committee approved a 5% tax on social media earnings and discussed tax reforms, including phasing out the super tax and addressing retail taxation challenges.

• Senate panel approves 5% tax on social media earnings
• Finance Minister aims to phase out super tax gradually
• Retail tax scheme faces criticism for unrealistic goals
• FBR proposes tax on life insurance profits but keeps principal exempt
• tldr':'A parliamentary committee approved a 5% tax on social media earnings and discussed tax reforms, including phasing out the super tax and addressing retail taxation challenges.'}{