Muhammad Saqib Raza A recurring administrative issue involves the issuance of notices under Section 120(3) of the Income Tax Ordinance, 2001 [“the Ordinance”] to corporate taxpayers—whether operating under the Normal Tax Regime (NTR) or Final Tax Regime (FTR)—alleging…
Finance Bill 2025 Failure in dismantling oppressive tax system
Dr. Ikramul Haq “…regressive taxation, one of the great ironies of Pakistan’s tax system, treating exporters more like easy tax targets than growth drivers. The FY2025 budget pushed exporters into the normal tax regime, imposing a 1.25%…
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