Pakistan's Federal Board of Revenue has published a notice on income tax proposals for Budget 2023-24. This includes that the FBR is seeking input on proposals for the Finance Bill 2023 in the following policy areas:
- Broadening of the tax base for wider participation in revenue generation efforts;
- Taxation of real Income on a progressive basis;
- Phasing out tax concessions and exemptions;
- Removal of tax distortions and anomalies;
- Facilitation of taxpayers and ease of doing business; and
- Prom…