Dr. Ikramul Haq & Abdul Rauf ShakooriThe Federal Government enhanced rate of sales tax from 17 percent to 18 percent with effect from February 14, 2023 through statutory regulatory order (SRO)—179(I)/2023 dated February, 14, 2023 [“notification”], issued under section 3(2)(b)…
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%…