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Federal Budget 2019-20: Massive revenue plan aims for Rs568bn fresh tax measures
Sweeping withdrawal of exemptions, large increase in income tax and sales tax collections along with strict enforcement measures in finance bill. Income taxpayers, whether salaried or non-salaried, will contribute the largest share of new revenues, equal to Rs53 billion total. Brownfield investments will lose tax credits on investment.
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Generic placeholder image
Federal Budget 2019-20: Massive revenue plan aims for Rs568bn fresh tax measures
Sweeping withdrawal of exemptions, large increase in income tax and sales tax collections along with strict enforcement measures in finance bill. Income taxpayers, whether salaried or non-salaried, will contribute the largest share of new revenues, equal to Rs53 billion total. Brownfield investments will lose tax credits on investment.
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