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Income tax of 4 types of funds has been reduced

by Afonso
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In the face of criticism, the National Board of Revenue-NBR reduced the tax on the income of 4 types of funds including provident funds of private employees. On Thursday, the agency published a gazette in this regard. It is said that in the tax year 2023-24, the tax on the income of 4 types of funds of private companies will be 15 percent. In the new income tax law which was 27 and a half percent. Besides, a provision of 30 percent tax was also kept in case of failure to fulfill certain conditions. NBR has come under criticism…. Details

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