Saturday, December 21, 2024

Senate panel to discuss tax bill on 24th

The Senate Standing Committee on Finance is going to meet on December 24 to deliberate on the Tax Laws Amendment Bill, 2024, a piece of proposed legislation that seeks to introduce harsh measures to broaden the tax net. The proposed bill includes provisions such as classifying non-filers as "ineligible persons" and implementing a plan to collect taxes from filers based on actual income and expenses. Under the proposed bill, non-filers will be prohibited from purchasing vehicles and property. They will also be barred from opening bank accounts.

from Pakistan News, Latest News Pakistan, Pakistan Headline | The Express Tribune https://ift.tt/L5Hpd9t

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