Taxes

ISLAMABAD: The good news for the tax-ridden people is that the Federal Board of Revenue has decided not to impose more taxes on the people this year.

According to sources, the FBR’s tax collections exceeded the target in the current financial year and in five months the FBR achieved the set tax targets, after which it was decided not to impose any more tax burden on the people this year. Will go

According to sources, the tax target of Rs 4963 billion will be maintained till June 30, 2012. The target for the first half of the current financial year will be achieved.

On the other hand, the IMF has approved Pakistan’s request for a delay in tax measures for six months. Pakistan had requested the IMF to delay the implementation of tax measures.

According to sources, the IMF has demanded a change in the income tax rate from Pakistan. Virtual talks between the IMF and Pakistan on corporate income tax will be held in the first week of January. It has agreed to renegotiate the sales tax exemption in 2012.

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