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Pakistani Banks Seek Equal Corporate Tax Relief

by Mary Swire, Tax-News.com, Hong Kong

10 April 2017


Pakistani banks have called on the Government to extend recent corporate tax cuts to the banking sector.

The Pakistan Banks' Association (PBA) recommended that the upcoming Budget extend to banks the planned corporate tax cut for all firms to 30 percent from 2018, noting that the reduction in the rate to 34 percent in 2014 had not been offered to the industry.

Among other proposals, the association called on the Government to remove withholding taxes on savings interest for taxpayers whose income falls below the income tax-exempt threshold.

TAGS: Pakistan | tax | banking | budget | corporation tax | withholding tax | Banking

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