Islamabad June 9 2023: Ministry of Finance proposes to reduce turnover tax on companies listed on Pakistan Stock Exchange, according to proposed Finance Bill 2023-24.
Ministry proposes reduction of minimum tax liability on turnover from 1.25% to 1.0% for companies listed on Pakistan Stock Exchange.
Moreover, ministry proposes extension of exemption for one-year granted to a person to profits and gains on sale of immovable property or share of special purpose vehicle to any type of REIT scheme i.e. up to 30th June, 2024.
