Pakistan introduces over 75 amendments to tax laws ...palestine

The federal government introduced on Thursday over 75 amendments to the country’s tax laws, which will be applicable immediately. The amendments were introduced through the Tax Laws Amendment Ordinance, 2021 issued by President Arif Alvi. People hiding their income will face fine worth 50% of their due tax. Shop owners will be fined Rs5,000 for not displaying tax numbers. There will be Rs5,000 fine for those not filing tax returns or wealth statements, according to the ordinance. Businesses will have to display their National Taxation Numbers or Business Cards, or face fines. The government has withdrawn tax exemption for fresh graduates and investment companies. It has imp

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Last updated : 25 March 2021 clock 10:15 PM

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Pakistan introduces over 75 amendments to tax laws ...palestine

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