Senate body recommends 25pc tax on high income class
ISLAMABAD: The Senate Standing Committee on Finance has finalized its recommendations for budget including a suggestion to raise the tax rates for the higher slab from proposed 15 to 25 percent.
The proposals were finalized on Tuesday by the committee will be presented in the Senate for endorsement, which will be then referred to the National Assembly for approval.
In terms of revenue, the only proposal with a considerable implication was to up the taxes for high income class. The committee has recommended to revise…