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Learn moreChanges are aimed at incentivizing businesses to properly register for tax purposes.
The Tax Laws (Amendment) Act, 2024, which has been presented to the National Assembly, includes proposed changes to the Income Tax Ordinance, 2001, the Sales Tax Act, 1990, and the Federal Excise Act, 2005 that intend to curb certain economic transactions by persons not registered for tax.
The goal of the proposed legislation is to incentivize businesses to properly register for tax purposes.
Read a December 2024 report prepared by the KPMG member firm in Pakistan
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