Dr. Ikramul Haq & Abdul Rauf Shakoori The National Assembly of Pakistan, through Finance Act, 2022 (Act No. XIII of 2022) amended the Income Tax Ordinance, 2001 (“the Ordinance”) inserting section 7E to retrospectively tax (tax year 2022 onwards) the…
Section 21(s): Ill-advised & unreasonable
Dr. Ikramul Haq & Abdul Rauf Shakoori The challenges of fair and equitable tax collection and financial inclusion in Pakistan are deeply rooted in systemic constraints, widespread informality, and limited trust in the fiscal apparatus. The tax system remains…