Federal govt to implement seven new tax measures with IMF approval
The federal government of Pakistan has reached an agreement with the International Monetary Fund (IMF) to implement seven new taxation measures during the fiscal year 2024-25 if revenue collection falls short of the projected target by 1 per cent in the current fiscal year. According to the IMF’s “Extended Arrangement
Here’s the new withholding tax on cars for filers and non-filers
In June 2024, the government introduced a new tax policy for local cars in Pakistan. This policy changes how Withholding Tax (WHT) is calculated on brand-new cars. Instead of being based on engine size as before, WHT will now be calculated based on the car’s invoice price, which reflects its
