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Pakistan Budget 2015/16 Presented to Parliament

|Proposed Changes|Pakistan
Pakistan

On 5 June 2015, the Pakistan Minister of Finance presented the 2015/2016 Budget to parliament. The main measures proposed are as follows:

  • The corporate tax rate will be reduced to from 33% to 32%;
  • The 15% tax credit for companies for listing on a registered stock exchange will be increased to 20%;
  • The individual income tax rate for salaried taxpayers earning taxable income from PKR 400,000 to…

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