Pakistan Income Tax Proposals for Budget 2022-23

Pakistan's Federal Board of Revenue has published a notice on income tax proposals for Budget 2022-23. This includes that the FBR is seeking input on proposals for the Finance Bill 2022 in the following policy areas (non-exhaustive):
- Broadening of the tax base for wider participation in revenue generation efforts;
- Taxation of real Income on a progressive basis;
- Phasing out tax concessions an…