NewsDaily
NA passes budget with tweaks in tax laws, rates The National Assembly on Thursday passed the amended Finance Bill 2025 after key coalition partners reached an agreement, making arrests for tax fraud a bailable offense while approving several tax exemptions and new taxation measures. The approved bill granted tax exemptions to Beaconhouse National University, Federal Ziauddin University and Punjab Police Welfare Organisation, Lahore, while bringing the National Logistics Corporation (NLC) into the tax net. The NLC will now be subject to a three percent tax on gross payments and lease revenues for toll collection, with provisions ensuring this serves as minimum tax liability. Deputy Prime Minister Ishaq Dar revealed to reporters in the Parliament House that negotiations with Pakistan Peoples Party (PPP) leadership had yielded an amicable solution regarding arrest powers for tax fraud. “We agreed that arrests wouldn’t occur at the inquiry stage,” Dar explained, confirming that while tax ...
Comments
Post a Comment