PTBA proposes tax on all incomes

May 09, 2024 (MLN): The Pakistan Tax Bar Association (PTBA) has put forth a comprehensive set of proposals aimed at boosting tax revenues in the upcoming fiscal year of 2024-25, including suggesting an imposition of tax on all incomes.

Other key recommendations include the imposition of taxes on all properties bought and sold.

Additionally, the association has suggested levying a 10% tax on pensions, with exemptions for those receiving pensions of up to Rs100,000.

Notably, the proposal also advocates for the federal government to collect taxes from agricultural.

According to PTBA's website, the association aims to be the effective voice of tax professionals and taxpayers, and have many Advocates, Professional Accountants, and Tax consultants in its fold.

It has a long tradition of organizing Seminars, Workshops, and Conferences on taxation measures and fiscal policies.

Bar has played a very positive and vital role in formulating, suggesting and assisting the Government of Pakistan measures for creation of tax culture in Pakistan and to build the economy of the country.

Copyright Mettis Link News