Professional Documents
Culture Documents
2013-14
Key Measures
The budget speech presented by the Finance
Minister pandered to a populist agenda of
addressing income inequalities through higher
direct taxes on a broader tax base and provision
of relief to the poor through social welfare
schemes. Substantively, however, the budget
proposals target the existing taxpayers albeit with
the evergreen and continuing promise from year
to year to broaden the base through
administrative efforts.
On the development front, the initiatives
announced, while credible, appear rather
ambitious and will require a focused approach for
fruition. Broadly these include:
Direct Taxation
2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
Sales Tax
With effect from 13 June 2013
2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
Customs Duty
2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
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th
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