Pakistan And IMF Disagree Over New Income Tax Rates That Will Burden Salaried Class

Talks between Pakistan and the IMF have ended inconclusively due to a disagreement over new income tax rates for salaried and non-salaried persons and the imposition of a standard 18 per cent sales tax on agriculture and health sector goods, according to a media report on Sunday.

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On Friday, Pakistan and the International Monetary Fund (IMF) authorities discussed the outstanding issues related to taxation and the energy sector.

Citing sources, the Express Tribune newspaper reported that both sides could not resolve their differences on the income tax threshold, the merger of salaried and non-salaried rates and the maximum income tax rate for individuals.