Tag: #SalesTax
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Imported luxury items will become more expensive, Mini budget purposed
A draft for the mini-budget has been prepared and forwarded to the Ministry of Law and Justice. According to a national media outlet, ‘luxury items will be made more expensive in the mini-budget and it has been proposed to hike sales tax on non-essential items and imported vehicles. Politically, ‘On the other hand, Opposition Leader…
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Pakistan’s Taxation System & the way forward
Taxes that are levied on citizens are a major source of funds used by the government to function. These funds are accumulated in a variety of ways, such as income tax. This is a regular source of income for the government and is generally utilized for the provision of services including health, education subsidies, infrastructure,…