Sunday, May 16, 2021  | 3 Shawwal, 1442
Samaa TV
Facebook Twitter Youtube
HOME > Money

Pakistan introduces over 75 amendments to tax laws

President Arif Alvi issues ordinance

SAMAA | - Posted: Mar 25, 2021 | Last Updated: 2 months ago
SAMAA |
Posted: Mar 25, 2021 | Last Updated: 2 months ago
Pakistan introduces over 75 amendments to tax laws

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The government has withdrawn tax exemption for fresh graduates and investment companies.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 imposed income tax on textbook boards and private power companies too.

On the other hand, Finance Minister Hafeez Shaikh predicted 3% economic growth this year. He said the country’s economy was recovering very well.

Shaikh said the central bank and other financial institutions were being modernised so that they could perform without any political interference.

FaceBook WhatsApp
 
HOME  
 
 
RELATED STORIES

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
ethereum price,bitcoin vs ethereum chart,bitcoin vs ethereum difference,bitcoin or ethereum 2021,ethereum vs bitcoin investment,bitcoin vs ethereum energy consumption,next big cryptocurrency,bitcoin price,ethereum live,what is ethereum,ethereum classic price prediction 2021,ethereum classic,ethereum price prediction,bitcoin vs ethereum,ethereum vs bitcoin,ethereum price prediction 2021,ethereum,samaa news live,samaa news,samaa
 

MOST READ
MOST READ
Eid 2021: Namaz time in major cities
Shawwal moon not sighted in Saudi Arabia
North Waziristan: Clerics booked for announcing Eid Wednesday
Eidi in fresh notes to be expensive this year
Karachi to experience heatwave from May 15
Public transport to resume across Pakistan from May 16: NCOC
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp