- Government considering raising GST rate by 1 percent in upcoming budget
- Could yield Rs180 billion in revenue
- Proposal to remove different rates in GST and bring all sectors under standard rate
- Proposed front-loaded program with tough decisions on taxation, raising GST rate by 1 percent
- IMF recommending eliminating zero-rating in GST except for exports, bringing all other goods to standard rate
- IMF seeking to restrict exemptions in Sixth Schedule to only supply of residential property, bring all other goods to standard rate
- IMF seeking removal of reduced rates under Eighth Schedule
Source: thenews.com.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Pakistan"
- Pakistan Customs Aims for 80% Green Channel Clearance to Boost Trade Efficiency
- PCDMA Criticizes FBR for Rushed E-Invoicing Rollout Lacking Training and Infrastructure
- FBR Overhauls Customs Audit Framework to Enhance Compliance and Transparency in Pakistan
- FBR Enforces Penalties for Non-Compliance with Digital Invoice Regulations in Pakistan
- FBR Clarifies No Notice Needed for Sales Tax Recovery Under Section 11A, Effective 2025
