- Government planning to raise General Sales Tax (GST) rate by 1% in upcoming budget
- Increase in GST rate to generate Rs. 180 billion in tax revenue
- Proposal to standardize GST rate across all sectors
- IMF demanding increase in Personal Income Tax (PIT) rate to 40%
- IMF urging strict measures in budget, including raising GST rate and increasing taxes on higher-income earners
- IMF wants provinces to align agricultural income tax with federal tax rates and remove special tax regimes for SMEs and construction sector
- IMF proposing various changes, including raising standard GST rate, reducing PIT slabs, eliminating zero-rating, limiting exemptions, and repealing discretionary tax incentives.
Source: propakistani.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
