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Pakistan Launches Initiative to Simplify Tax Laws with a Single Harmonized Inland Revenue Code

|Proposed Changes|Pakistan
Pakistan

Pakistan's Federal Board of Revenue recently announced the launch of an initiative to simply tax laws that will include harmonizing the four main tax laws by merging them into a single law book, the harmonized Inland Revenue Code, that will be supplemented by a single rules book. The harmonized Inland Revenue Code is to be drafted by March 2022, after which it will be consulted on and submitted…

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