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Property tax reforms called for: World Bank for stronger compliance with agri tax
ISLAMABAD: The World Bank has stressed stronger compliance with agricultural income tax (AIT) through effective implementation of amended provincial laws, digital registration, filing and payment systems, and enhanced federal-provincial data sharing. The Bank called for reforms to provincial property taxation through harmonised and more market-based valuation frameworks, noting that both sectors remain significantly under-taxed despite their substantial contribution to the economy. It outlined proposed measures relating to the investment framework, reduction of regulatory and business constrai...
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