Can I read Income Tax Amendment Act 2016 Overview on EtoBox?

Income Tax Amendment Act 2016 Overview by Muhammad Kashif is a document available to read on EtoBox.

What is Income Tax Amendment Act 2016 Overview about?

This document amends the Income Tax Ordinance of 2001 to add a new section (99A) that provides special tax provisions for traders. It defines a trader and outlines different tax rates and rules for traders who have filed tax returns in the past 10 years ("filers") versus those who have not ("non-filers"). For non-filers, the tax is 1% of reported working capital for 2015-2018, increasing amounts for reported turnover in later years. For filers, the tax is higher of 25% more than previous year or rates based

Author

Muhammad Kashif

Language

EN