On 11 June 2021, Pakistan's Federal Budget 2021-2022 was presented to parliament. Some of the main proposed measures are summarized as follows.
Income Tax Measures
Proposed income tax measures include:
- The reduction of withholding and tax collection (advance tax) requirements with the removal of 12 withholding and tax collection provisions regarding:
- banking transactions;
- Pakistan stock exchange;
- margin financing;
- air travel services;
- international transactions through debit and cred…