Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in the upcoming FY2025-26 budget.
As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector.
Insiders reveal that one of the key proposals under consideration is the elimination of the 3% Federal Excise Duty (FED) on property sales.
The removal of this duty is expected to provide significant relief to the real estate sector.
For salaried individuals, the Pakistan government is exploring adjustments to income tax slabs, with a particular focus on enhancing the annual tax exemption threshold beyond the current limit of Rs600,000. However, any relief in this regard will be subject to approval from the International Monetary Fund (IMF), the sources said.
