Dec 31

Mini-budget: Advance tax on motor vehicles doubles

In a bid to curb the practice of on-money transactions on motor vehicles and boost advance tax revenues, the government has introduced significant changes in the Finance (Supplementary) Bill, 2021, commonly referred to as the mini-budget.

by Mrs. Anjum Shahnawaz

Tax exemptions worth Rs343 billion withdrawn through mini-budget

The Pakistani government unveiled a mini-budget on Thursday, signaling the withdrawal of tax exemptions amounting to Rs343 billion.

by Mrs. Anjum Shahnawaz

Text of Finance (Supplementary) Bill, 2021

ISLAMABAD: The federal government on Thursday presented the Finance (Supplementary) Bill, 2021 which is called mini-budget by many quarters due to changes in taxation system. According to Finance Minister Shaukat Tarin the government has reviewed tax exemptions. This withdrawal of tax exemption will not affect the common men. Following is the text of the Finance […]

by Mrs. Anjum Shahnawaz