Minhas Consulting

02/03/2026

The Business Case for Sustainability: Evidence on How ESG Integration Drives Financial Performance in a Pragmatic 2026 Environment Authors Tasleem Faraz Minhas Virtual University of Pakistan Author DOI: https://doi.org/10.59075/ynnd0092 Keywords: ESG integration, sustainable finance, financial perfo...

11/12/2025

🌍 Saudi Arabia’s FY2026 Budget: A Bold Leap Toward Vision 2030’s Ambitious Future

The recently unveiled Saudi Arabia FY2026 budget highlights an unwavering dedication to the transformative Vision 2030 roadmap. Focused on accelerating economic diversification, this budget channels significant investment into giga-projects, cutting-edge infrastructure, and human capital development, strategically reducing reliance on oil revenues.

Key priorities include robust support for non-oil sectors through innovation-driven initiatives, renewable energy adoption, and expansion of digital infrastructure. Simultaneously, critical public services such as healthcare, education, and national security receive enhanced funding to ensure sustainable, inclusive growth and resilience amid global challenges.

This fiscal plan exemplifies responsible financial stewardship, balancing visionary spending with sustainable borrowing to fuel mega-projects that elevate the Kingdom as a premier global hub for investment and technology.

For professionals tracking climate finance and ESG integration, the FY2026 budget reaffirms Saudi Arabia’s leadership in green initiatives and sustainability reforms, aligned with global standards and regional energy transition goals.

Explore the detailed analysis of these strategic pillars and their impact on finance, operations, and sustainability sectors here:

👉 https://tasleemfaraz.blogspot.com/2025/12/ksa-budget-2026.html

KSA Budget 2026 – Executive Summary Prepared for: Finance, Tax, Policy & Strategy Professionals Saudi Arabia’s Fiscal Year 2026 Budge...

09/12/2025

📢 Saudi Arabia Introduces Tiered Excise Tax on Sweetened Beverages — What Businesses Need to Know (2026)

Saudi Arabia is moving from a 50% value-based excise tax to a tiered, sugar-content-based model, aligning with global best practices and promoting public health.

🔍 Key Changes:

• Tiered structure: Four bands from 0 SAR/L to 1.09 SAR/L based on sugar per 100 ml
• Carbonated drinks: Taxed only on sugar content; category-based tax removed
• Energy drinks: Continue at 100% excise tax
• Artificial sweeteners: Exempt from sugar thresholds

💡 Strategic Implications for Businesses:

• Portfolio review: Map products to new sugar tiers
• Pricing & margins: Assess SKU-level tax impact
• Reformulation: Reduce sugar to optimize tax exposure and meet health trends
• Regulatory readiness: Ensure accurate reporting and compliance

🗓️ Timeline:

Expected implementation in 2026. Early planning is key to minimizing costs, streamlining compliance, and leveraging reformulation opportunities.

As a tax professional, I recommend treating this change not just as a compliance requirement but also as a strategic opportunity to align with consumer health trends and global practices.

🚀 Want more updates, insights, and useful content?
I keep sharing fresh posts on finance, tax, trends, and everyday knowledge.

👉 Check out more here:
https://tasleemfaraz.blogspot.com/

An overview of the new tiered tax model for sweetened beverages, effective January 1, 2026. What's Changing? Saudi A...

22/05/2025

Tax Type Applicable Rate Description Key Updates / Notes Corporate Income Tax 20% (...

15/12/2024

🎄 Merry Christmas, Digital Family! 🎄 In this festive tutorial, I'll show you how to create a beautiful Christmas tree using Excel. Whether you're a beginne...

12/12/2024

بیرون ملک سے انے والوں کے لیے ایف بی ار کی ایک اہم پریس ریلیز (وضاحت)🎉

*ایف بی آر پریس ریلیز مورخہ 10 دسمبر 2024***

ایف بی آر نے 6 دسمبر 2024 کو ایس آر او 2024(I)/2028 جاری کیا تھا جس میں بیگیج رولز سے متعلق ایس آر او /2006(1)666مورخہ 28 جون 2006 میں کچھ ترامیم کی تجویز دی گئی تھی۔ اس سے ایک غلط تاثر پیدا ہوا کہ پرسنل بیگج کی حد 1200 امریکی ڈالر تک مقرر کر دی گئی ہے، اور یہ غلط فہمی ملک کے مختلف ذرائع ابلاغ پر گردش کر رہی ہے۔
یہ بات واضح کی جاتی ہے کہ نوٹیفکیشن میں بیگیج رولز 2006 میں دی گئی اصطلاح " تجارتی مقدار " کو اس طرح بیان کیا گیا تھا کہ سامان، جو بظاہر تجارتی مقاصد یا مالی فائدے کے لیے لایا گیا ہو، اس کی حد 1200 امریکی ڈالر مقرر کی جائے۔ اس مسودے میں تجویز کی گئی ترمیم کا مقصد بیگیج کی سہولت کے غلط استعمال کو روکنا ہے۔ تاہم، جیسا کہ نوٹیفکیشن میں واضح طور پر ذکر کیا گیا ہے، 1200 امریکی ڈالر کی یہ حد کسی مسافر کے لیے "ذاتی استعمال یا تحفے" کی اشیاء پر لاگو نہیں ہوتی ۔ اس لیے وضاحت کی جاتی ہے کہ نوٹیفکیشن میں مذکورہ 1200 امریکی ڈالر کی حد ذاتی استعمال پر لاگو نہیں ہوتی۔ اس تاثر کو سختی سے مسترد کیا جاتا ہے کہ کسٹمز 1200 امریکی ڈالر سے زیادہ مالیت کے ذاتی سامان کو ضبط کرے گا۔
چونکہ اس نوٹیفکیشن کو عوامی سطح پر، خصوصاً سوشل میڈیا پر، وسیع پیمانے پر غلط سمجھا گیا ہے، اس لیے مزید الجھن کے پھیلاؤ کو روکنے کے لیے مسودہ نوٹیفکیشن واپس لے لیا گیا ہے۔ ***

06/12/2024

Advance taxes on purchase of property by Non-Residents:

holding a Pakistan Origin Card (POC) or NICOP are not subject to under sections and as per Clause 111AC, even if they are non-filers.

Now onwards to claim that exclusion following procedure hv to be followed:

1. Non-resident taxpayers must upload their / while creating the in the system.

2. A provisional PSID will be generated and forwarded to the concerned Chief Inland Revenue (CCIR).

3. The CCIR will verify the -resident status within one working day and allow exclusion.

4. will be informed of the approval via or .

14/11/2024

IFRS 18 Presentation and Disclosure in Financial Statements: Summary

FRS 18 was issued in 2024 and is mandatorily applicable for the period starting on or after 1 January 2027 , with earlier application per...

19/06/2024

‏پکی سڑک صرف فائلر کے گھر کے سامنے بنے گی.

19/08/2023

ATIR Cicular of August 04, 2023 has duly been amended and tax recovery stay application without recovery notice will now be accepted by the Appeal Section.