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Pakistan: World Bank suggests taxes on agri, real estate to infuse Rs 3 trn business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
World Bank urges Pakistan to tax agriculture, real estate sectors, calls for progressive income tax reforms firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
The World Bank has proposed closing all tax exemptions and including agriculture, retail, and real estate in the tax bracket to help Pakistan generate revenue. The bank suggests that if agriculture income and properties are properly taxed, it could contribute about three percent of the country s GDP annually. Additionally, real estate and agriculture are expected to yield two percent and one percent of GDP, respectively. ....