The Salaried Class Alliance Pakistan has requested the government to revise tax slabs and increase exemption limits. In a letter to Finance Minister Senator Muhammad Aurangzeb, the Alliance highlighted soaring tax collections from salaried individuals. They reported that revenue from this group increased from Rs 76 billion in 2019 to an expected Rs 570 billion […]
Tax relief
Government considers corporate tax cuts for FY26 budget
The government is exploring a reduction in the Corporate Tax Rate in the upcoming FY26 budget. Officials aim to provide additional tax relief in various areas to stimulate the economy. They see this potential change as an opportunity to encourage investment and boost job creation across Pakistan. Government leaders are looking to utilize fiscal space […]
Govt announces special tax relief measures, introduces steps to enhance tax to GDP ratio
ISLAMABAD: Minister for Finance Shaukat Tarin on Friday said that the government had taken several measures in order to provide tax relief to already tax payers, besides introducing steps to enhance tax to GDP ratio, which was at the lowest level as compared the regional countries. Presenting the federal budget 2021-22 in the National Assembly, […]
Govt likely to enact presidential ordinance for tax amnesty scheme today
ISLAMABAD: The federal government can enact a presidential ordinance today to bring into effect a tax amnesty scheme announced earlier this week, sources claimed. On Thursday, Prime Minister Shahid Khaqan Abbasi introduced a fresh tax amnesty scheme for nonpayers as a part of five-point amendments package on income tax, which was criticised by the Pakistan Tehreek-e-Insaf (PTI) […]