ISLAMABAD – Federal government will make a significant amendment to theFinance Bill 2018-19, sources informed.
The amendment will also include changes to the tax amenity schemeintroduced by the previous government, according to sources privy to thematter.
The Pakistan Muslim League-Nawaz (PML-N) government had introduced a taxexemption for annual income up to Rs1.2 million. The new government willreduce the slab from Rs1.2 million to Rs0.8 million, sources said.
Furthermore, recommendations will be made to increase tax revenue. Thegovernment will also propose the imposition of a one per cent regulatoryduty on all import items.
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A National Assembly session will be held on September 14 in this regard,sources added.
