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The Board of Revenue of Sindh, Pakistan is responsible for collecting all tax revenue of the Government of Sindh.Board of Revenue is the Controlling authority in all matters connected with the administration of Revenue collection including land taxes, land revenue, preparation of land record and other matters relating to providing relief to those affected by calamites.
Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services is taxed at reduced rate of 0.25% in registered with PSEB, Pakistan Software Export Board. [5]
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [1] [2] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [3]
January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
The FTO's legal framework consists of the following acts and reforms: the Establishment of the Office of Federal Tax Ombudsman Ordinance of 2000, the Federal Ombudsmen Institutional Reforms Act of 2013, and the Federal Tax Ombudsman Investigation and Disposal of Complaints Regulations of 2001. [7]
The budget's outlay for the upcoming fiscal year 2023–2024 is Rs2247.581 billion. [1] The budget is focused on helping those harmed by the floods and giving the province poor social protection. [2] To reach Rs700 billion, the development budget has grown by 72%. The development budget does not, however, include any funding for environmental ...
The Government of Sindh (Sindhi: حڪومت سنڌ) (Urdu: حکومتِ سندھ) is the provincial government of the province of Sindh, Pakistan. Its powers and structure are set out in the provisions of the 1973 Constitution , in which 30 Districts of 7 Divisions under its authority and jurisdiction.
This amount increases the purchasing power for families earning approximately RS 2,800 each month by 20%. Most low-income families spend 50–70% of total income on food alone. According to BISP, the cash payment of RS 8,500 every quarter, or RS 2,833 each month, will allow a family of 5–6 to purchase 20–25 days worth of flour. [11]