Tax experts have raised questions regarding the proposed enhancement of the foreign currency threshold for the money whitening scheme outlined in the Finance Bill of 2023.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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Highlights of Amendments To Income Tax Introduced Through Finance Bill 2023
Following are the highlights of income tax amendments proposed through Finance Bill, 2023. These highlights are prepared by experts of KPMG Taseer Hadi & Co. Chartered Accountants.
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Immunity to Bring Dollars into Pakistan May Lead to Misuse, Experts Warn
In a recent development, concerns have been raised by experts regarding the proposed immunity in the Finance Bill, 2023, which allows individuals to bring dollars into Pakistan.
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Pakistan Aims to Generate Rs870 Billion from Petroleum Levy in 2023-24
Despite Challenges, Pakistan Sets Ambitious Revenue Target for Petroleum Levy in the Next Fiscal Year
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Senate Committee Reviews Customs Duty Proposals in Finance Bill 2023
Islamabad, June 14, 2023: The Senate Standing Committee on Finance and Revenue recently conducted a comprehensive review of the proposed customs duty amendments introduced through the Finance Bill 2023.
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Tax Experts Explain Reintroduction of Tax on Bonus Shares through Finance Bill, 2023
Tax experts at A F Ferguson have provided insights into the reintroduction of tax on bonus shares through the Finance Bill of 2023.
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Higher Rate of Super Tax Extended to All Taxpayers
The higher rate of super tax, originally introduced in the Finance Act 2022, has now been extended to encompass all taxpayers across various sectors, according to the newly proposed Finance Bill of 2023.
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Sindh to Introduce Security Featured Vehicle Registration Smart Card
Karachi – The Sindh government has announced its plans to launch a security featured vehicle registration smart card as part of its efforts to enhance security measures in vehicle registration.
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Sindh Province Transfers Property Tax Collection to Local Councils
Karachi – In a significant development towards decentralization and empowering local governance, the Government of Sindh has announced the transfer of property tax collection authority to local councils.
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Sindh Allocates Rs690 Billion for Annual Development Plan (ADP) 2023-24
Karachi, June 10, 2023: The Sindh province has allocated approximately Rs690 billion for the upcoming fiscal year 2023-24, as announced by the Sindh Chief Minister during the budget presentation on Saturday.
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