Federal govt to implement seven new tax measures with IMF approval
Business
1 min read
112

Federal govt to implement seven new tax measures with IMF approval

October 11, 2024 10:10 pm
0

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

Continue Reading
Here’s the new withholding tax on cars for filers and non-filers
Pakistan
1 min read
132

Here’s the new withholding tax on cars for filers and non-filers

July 11, 2024 12:08 pm
0

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

Continue Reading