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FBR introduces final tax on life insurance payouts to individuals

11+ hour, 19+ min ago  (388+ words) Finance Act, 2026 imposes withholding tax on certain life insurance and family takaful payments while exempting death, disability and long-term policy proceeds. ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a Final Tax Regime (FTR) for certain life insurance and…...