IMF Assured of Rs200b Tax Measures
Pakistan has assured the International Monetary Fund (IMF) that it will take Rs200 billion worth of additional tax measures in January.
The measures will be triggered if the Federal Board of Revenue (FBR) misses its December target or expenses rise above limits.
- Increasing income tax rates on landline and mobile phones
- Increasing income tax rates on cash withdrawals from banks
- Increasing sales tax on solar panels
- Expanding the web of federal excise duty (FED) to confectioneries and biscuits
Pakistan will take revenue steps if FBR misses Dec target or expenses rise above limits.
Author's summary: Pakistan assures IMF of additional tax measures.
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