Telecom Firms Call for Cut in Taxes in Budget
Staff Report Islamabad: The income tax rate under Section 236 of the ITO 2001 currently stands at 15%, up from 12.5% following the Finance (Supplementary) Act 2022. Previously, the tax rate was set to drop to 8% from 2022 onward. Meanwhile, under the Federal Excise Duty (FED) Act 2005, the applicable rate has climbed from…