tax rate – BOL News Staging

Sri Lanka will raise tax rates

May 31, 2022 by Muhammad Zubair

The Sri Lanka government said on Tuesday that it has decided to change five taxation laws in order to raise tax rates in order to restore government revenue to 2019 levels. Value added taxes are likely to be included in the tax rate increase. Read more: Sri Lanka PM declares they are working to stabilize … Read more

Taxpayers still shying away from audit, monitoring

January 23, 2022 by Muhammad Zubair

KARACHI: Imposition of a 35 per cent tax rate on an individual’s income to broaden the tax base will remain a distant dream. The high tax rate is a major impediment in keeping away persons having taxable income from fulfilling their obligations, said Muhammad Zeeshan Merchant, president of the Karachi Tax Bar Association. Pakistan has … Read more

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